Help wanted in D.C.: How to finance a new stadium?

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D.C. has forged ahead with pursuing a “sports study” that Mayor Bowser’s administration says could help the District weigh its options for financing a new stadium at RFK, while also identifying the needs of pro sports teams that already play in the city.

D.C. has forged ahead with pursuing a “sports study” that Mayor Muriel E. Bowser’s administration

But in this case D.C. must also compete with Virginia and Maryland, where officials are developing their own proposals to try to lure the Commanders to their state as the team seeks a new home among the three jurisdictions. For D.C., the potential of a new stadium at RFK only became possible after Rep. James Comer and Del. Eleanor Holmes Norton introduced legislation that would extend and modify D.C.'s lease with the federal government on RFK — which would finally allow D.C.

The contractor will be expected to offer some comparative analysis looking at the financing structures other cities have used to build new stadiums — including “what have typical deal structures looked like in terms of public, private and league financing, and what investment was required from [team] ownership.

 

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