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$3.8B Commanders Stadium Deal Approved
The Washington D.C. City Council has approved $3.8 billion project that will include the construction of a new 65,000 seat stadium on the former RFK Stadium site along with a mixed-use development of the surrounding area.
The Washington Commanders’ plan to return to the site of their former home at RFK Stadium passed by an 11-2 vote and can now be sent to Washington Mayor Muriel Bowser, who negotiated the original plan with Commanders owner Josh Harris. The deal includes the team contributing $2.7 billion and the city investing roughly $1.1 billion for the stadium, housing, green space and a sports complex.
“It is with great pride that I can say we are officially bringing our Commanders home and turning 180 acres of land on the banks of the Anacostia, on the monumental axis, into jobs and opportunity for DC residents,” said Bowser. “This will be the largest economic development project in DC history.”
“Today is a historic day for D.C., the Commanders organization, and our fans. With the Council’s approval, we can now move forward on the transformative RFK project that will bring lasting economic growth for our city,” Harris said.
