What we reported City staff and representatives from Precourt Sports Ventures, a group looking to bring a Major League Soccer franchise to the city, came to a lease agreement in December after months of negotiations. Under the terms of the agreement, PSV agreed to finance a $225 million stadium located in North Austin. Construction is set to start this year and the team plans to begin play in 2021. The city will continue to own the site, meaning PSV will not pay property taxes. The latest On Jan. 15, MLS Commissioner Don Garber stood in front of a crowd of supporters wearing scarves and singing songs at Austin’s Rustic Tap and officially announced Austin FC as the 27th MLS franchise. “You kept the faith,” Garber told the club’s supporters group. Meanwhile, a local professional team in the United Soccer League is set to begin play in 2019. Austin Bold FC will play its home games in a new 5,000-seat soccer stadium located at the Circuit of the Americas. Its home opener is scheduled for March 30.