D.C. United will build a new 20,000-25,000-seat soccer stadium in the Buzzard Point area of Southwest. The new stadium plan will not only continue the transformation of the Anacostia waterfront, it also includes mixed-use redevelopment projects at other locations around the city which will result in additional job creation and economic benefits for the District.

Similar to the highly successful Verizon Center agreement, under this package, D.C. United will be responsible for privately financing and constructing the $150 million stadium while the District will be responsible for assembling the land and preparing it for development (street lights, sidewalks, curbs etc.).

The new stadium will be located next to the Fort McNair Army base and will be bound by Second Street SW and Half Street, between R and T Streets SW.

The plan will generate $385 million of dollars in new tax revenue for the District of Columbia over thirty years. This revenue could be used for priorities such as education, affordable housing and public safety. In addition, the projects are expected to generate over $84.5 million each year in economic activity.

The plan will create 2,471 total jobs: 1,756 construction jobs and 715 permanent positions. A project labor agreement (PLA) has been signed with labor organizations that will ensure DC residents get first priority for construction jobs.

D.C. United is paying all costs for the construction of the stadium using private funds. It is currently estimated at $150 million, and the team will be responsible for any cost overruns experienced during the construction of the project.

The District will be responsible for assembling the land for the stadium and preparing it for development (street lights, sidewalks, curbs, etc.). The District's commitment to the project for this work is capped at $150 million, and a portion of these costs will be financed by selling one or more District owned properties to the current owners of the stadium site.

The City will sell Frank D. Reeves Center for Municipal Affairs, located at 14th and U Streets, and relocate the jobs to a new 300,000 square foot office and retail building in Anacostia, near the intersection of Martin Luther King, Jr. Avenue and Good Hope Road SE.

The new stadium will host more than fifty events each year and host many other uses besides professional soccer. It will be utilized for headline concerts, cultural events, school-age sports, college soccer, football, lacrosse, and more.

The District will own the land indefinitely and lease it to the team for the term of the lease. At the end of the lease, the District will own the land and all improvements on it. Assuming that land values in the District of Columbia continue to grow at 7% per year (comparable to land value growth in other parts of the city over the past 30 years), the stadium site will likely be worth more than $700 million at the end of the lease. It will be worth far more if private development occurs around the stadium site, similar to what has happened around the Verizon Center and Nationals Ballpark.

The District will sell one or more parcels of city-owned land to help finance the purchase of the stadium site. The District will be paid 100% of the fair market value of all such parcels through a combination of land and cash. Three expert appraisal firms with decades of experience doing commercial real estate appraisals in Washington, DC, independently determined both the value of the land the District is selling as well as the land the District is buying for the stadium site.

No. The project will result in no new taxes on District residents or businesses and will require no new debt to be incurred by the City.

In addition to the $385 million in new tax revenue generated by the plan, the District will be one of the few cities in the country to have an urban multi-purpose stadium as an added cultural anchor within the city. With Nationals Ballpark, the new stadium will create an exciting new sports and entertainment district and will be an important stimulus to Buzzard Point, an area capable of accommodating over 10 million square feet of private development in the coming decades. The project accelerates a new mixed-use development in Ward 1 that will add to the vitality of the historic 14th and U Street corridors. It will also bring over 800 employees and economic activity to a new commercial office and retail development on District owned land in Ward 8.

The District government has been negotiating agreements with D.C. United and various property owners of the proposed stadium site. After these agreements are completed, they will be presented to the Council for a vote.