WASHINGTON, DC—The DC Council approved a bill package on Tuesday that included the authorization of a new D.C. United Stadium at Buzzard Point.
The plan approved by the council caps public financing for the stadium venture at $150 million. The bill also kills a critical land swap, eliminates a sales tax abatement, authorizes the use of eminent domain to acquire the stadium footprint and sets up a financing plan, according to the Washington Business Journal.
The bill package requires a second reading on Dec. 16 for final passage. The commitment to the DC United project will require some shifting of funds in the city's budget and will in fact cause some capital projects to lose funding, including District building energy retrofits, "critical system replacement," and school modernization in Shaw and Congress Heights.
DC United will pay for the vertical construction of the $300-million stadium. The district will cover land acquisition and site preparation, including environmental remediation. See story in the Washington Business Journal.
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John Jordan
John Jordan is a veteran journalist with 36 years of print and digital media experience.
