D.C., Commanders announce $3.7B deal to move team to RFK Stadium site
The development, anchored by a roofed, 65,000-seat stadium, will be funded primarily by the Commanders, who would put up $2.7 billion, while D.C. taxpayers would pay $500 million.
D.C. and the Washington Commanders have reached a $3.7 billion deal to transform the crumbling RFK Stadium site on the banks of the Anacostia River into a new home for the team surrounded by retail, housing and park space — a generational development project likely to shape the legacy of Mayor Muriel E. Bowser (D) and Commanders owner Josh Harris.
Sprawling across 177 waterfront acres, the massive development anchored by a roofed, 65,000-seat stadium will be funded primarily by the Commanders, who would put up $2.7 billion, while D.C. taxpayers would pay $500 million toward infrastructure supporting the stadium, according to the terms released Monday.
But total taxpayer costs are expected to top $1 billion when parking facilities, recreation improvements and other water and electric infrastructure are included — a price tag likely to spur heated debate on the D.C. Council and among D.C. residents about how public money is used....