D.C. is close to a deal worth more than $3 billion to bring the Washington Commanders back to the District and build a new stadium at the RFK Stadium site.
The deal isn’t final as negotiations are ongoing, so the number could change, but multiple sources familiar with the deal told News4 that Mayor Muriel Bowser and the Commanders have the framework for a deal in place that would see the team paying the vast majority of the costs to build a new stadium and much of the money provided by the city going for infrastructure that will support the entire 180-acre development.
The Commanders would put up as much as $2.5 billion, and the District would provide up to $850 million, documents obtained by News4 show. D.C.’s funding would go toward what are referred to as eligible capital costs associated with the stadium and infrastructure for the stadium and surrounding 180-acre campus, including parking structures that will serve the entire development.
The District’s investment would be paid in installments, with the first $500 million paid out between 2026 and 2030 for various portions of the work as the stadium and infrastructure are completed. The other $350 million would be paid in 2032 through taxes generated from the new development to cover costs of the stadium or stadium infrastructure.
The final contribution by the team could be less than 2.5 billion, sources familiar with the negotiations told News4.
Click here to read the rest of the article written by Mark Segraves over at NBC 4 Washington
