The stadium would be part of an estimated $1billion project to turn property about a mile from Rowan's main campus into a second nucleus for the growing university, said Rowan President Donald Farish.
Under the plan, Rowan would lease a chunk of 600 acres it owns west of its main campus to a real estate developer that would build the stadium as part of a sports complex that would be home to all of Rowan's teams, reports USATODAY.
The MLS team would begin play in 2009.
However, some public money might be needed to fund the deal.
MLS president Mark Abbott said prospective owners for the soccer team would be unlikely to commit until after the plans for a stadium are in place, but that a stadium would not be built without a team.
Team owners might also help pay for the arena.
Abbott said the league hopes to expand to 16 teams from its current 12 by 2010.
