RFK Stadium won’t be a ghost area much longer; UPDATE: Commanders (Josh Harris Group) putting up $2.7B & DC to fund $1.1B for new RFK Stadium by 2030
- Thread starter FAH1223
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KFBF
Superstar
Who is paying for it?
lochead
All Star
Not me
tremonthustler1
aka bx_representer
why is this stadium gonna cost damn near $4 bil?
lochead
All Star
Supply Chain post COVID has been a bih on construction, and we‘re not even factoring the higher cost for labor (both union and non-union). My boy got a multiple million dollar contract just to demo on the RFK site as a Certified Business Enterprise (CBE) vendor
The Commanders' D.C. Stadium Deal Is An Abomination | Defector
The Washington Commanders have a deal with Washington D.C. to build a new 65,000-seat stadium in Ward 7, on the site of the crumbling old bones of RFK Stadium. The D.C. city council passed a funding bill late Wednesday, by a vote of 11–2; with that settled, the Commanders expect to break ground...
defector.com
mastermind
Rest In Power Kobe
What hood?
That area hasn’t been downtrodden in 15 years. Maybe across the bridge/river is your best bet. (That’s the last area DC is gentrifying)
Josh Harris and Commanders ownership group are putting up $2.7 billion.
DC is putting up $1.1 billion. Of course, DC will probably end up putting up more down the road due to tax breaks and other things that entail renovating the area around the stadium.
I drive by the stadium on my way to work and I’ve been seeing the demolition the last couple months. Surreal to see.
KFBF
Superstar
Josh Harris and Commanders ownership group are putting up $2.7 billion.
DC is putting up $1.1 billion. Of course, DC will probably end up putting up more down the road due to tax breaks and other things that entail renovating the area around the stadium.
I drive by the stadium on my way to work and I’ve been seeing the demolition the last couple months. Surreal to see.
Are residents happy about team returning to DC? What's temperature on them putting money up?
I honesly thoughf the era of subsidizing stadiums was over but maybe that's not the case.
The residents in that neighborhood are not happy
But across the city there’s a good amount of buzz for the team coming back into town.
And yeah the tax payer subsidy is still surprising me. The city is broke. Trump coming back into office has had thousands of federal workers laid off who would be spending money in DC. Congress cut the city budget by a $1 billion but it looks like they’ll get that reversed. But the damage was done.
The city just bought Capital One Arena from Ted Leonsis and is renovating it for nearly $600M.
The city owns Nats Park and is doing tens of millions in required maintenance and renovations.