WASHINGTON, DC-Members of the DC Council are being briefed on a preliminary deal with the DC United soccer franchise on its proposed stadium to be built on Buzzard Point.
The talks now center on providing DC United with significant sales and property tax breaks over the next 30 years in exchange for some shared stadium revenue, according to the Washington Post.
City Administrator Allen Y. Lew began meeting with members of the DC Council last week on the 20,000-seat stadium project.
A Gray administration official says the mayor's stadium proposal includes a sales tax break and phased-in property tax breaks in exchange for the city receiving 50%of the team's revenue beyond a certain threshold that is still the subject of negotiation. See story in the Washington Post.
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John Jordan
John Jordan is a veteran journalist with 36 years of print and digital media experience.
