LAND HAS BEEN PURCHASED FOR RALEIGH SOCCER STADIUM AND OTHER DEVELOPMENT: The purchase of the first tract of land is split across both sides of the I-40 beltline next to South Saunders Street and was bought from the North Carolina Equipment Company for $11 million. The second site at the intersection of I-40 and South Wilmington Street was bought for $8.6 million from Elite Waste Services, a Raleigh waste company. The remaining 44.5 acres of land for the proposed stadium to the right of South Saunders Street and Penmarc Drive will be purchased next year from seller Alice Penny, Redmond said. An outdoor 20,000-seat stadium surrounded by high-rises and other private development is envisioned for the future. Developers want the stadium to hold other athletic, musical and community events beside NCFC and NC Courage matches. Downtown South has been described by Malik as another “North Hills,” referencing the project’s proposed office, retail, hotel and apartment space. The proposal consists of 1.6 million square feet of office space, 1,200 hotel rooms, 1,750 apartments and 125,00 square feet of retail.