The closing date for the project has been pushed back since early spring, but the process is expected to be closed this week.
Calling the development "a done deal," Emerson City Manager Kevin McBurnett said Tuesday in a message that the group closed on the land and closed through escrow. Funding is expected to change hands Thursday.
McBurnett said he was unfamiliar with a possible ground-breaking date, but speculation has it as soon as three weeks.
LakePoint Sports Development Group announced in December it would construct a mixed-use complex between Interstate 75 and U.S. Highway 41. The core of the development, which features three miles of frontage along I-75 including the Red Top Mountain and Emerson-Allatoona interchanges, is a proposed 260-acre sports complex with 16 Major League Baseball-sized fields, 12 soccer and lacrosse fields and a 100,000-square-foot indoor sports facility.
The opening date is projected for 2013, and at buildout, officials have said the park could employ 4,000 people.