The total funding will exceed the actual cost to construct the baseball park. "The decision made here tonight keeps the Nationals in the District and, in time, will generate $100 million a year in new revenue for the District that we can use on critical programs," Williams says.
The next step in the development process rests with MLB's approval of the council's amended lease, after which a team owner will be put in place. Construction activity could begin as early as this spring.
NOT FOR REPRINT
© Touchpoint Markets, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more inforrmation visit Asset & Logo Licensing.
