HIGH POINT — The name of the multi-use stadium planned for downtown High Point was announced during a ceremony Wednesday.

The stadium will be called BB&T Point.

The General Assembly’s Joint Legislative Government Commission voted unanimously in early December to let the city borrow up to $38 million for the project.

High Point University President Nido Qubein has spearheaded millions in private fundraising to help build the stadium, as well as, a children’s museum, park and other spaces near the ballpark.

The stadium is expected to have other uses, too, hosting soccer, football and lacrosse games, along with concerts and High Point Market-related events.

According to the plan, building the stadium would cost between $30 million and $35 million.

Officials have said they hope to have the stadium up and running by spring 2019 for the city’s new minor-league baseball team, the Atlantic League team formerly known as the Bridgeport (Conn.) Bluefish.

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