AUSTIN, Texas — It’s been a long wait but on Monday morning Austin FC revealed the naming rights for its under-construction stadium in North Austin.

The home turf for Austin's professional soccer team will be known as Q2 Stadium. The announcment was made during a private ribbon-cutting ceremony. 

Q2 is an Austin-based digital banking and lending company. 

The 20,500-plus seat natural grass, open-air stadium will be a destination for professional and local soccer, and will serve as an entertainment and multi-purpose event venue for Austin. The site will also house a park and open space which will be available to the public year-round.

The stadium is being constructed at McKalla Place on public land owned by the City of Austin.

Austin FC, a professional soccer franchise, will play in Major League Soccer and is scheduled to begin play in April.