D.C. Leaders Agree on How to Fund DC United Stadium | NBC4 Washington
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D.C. Leaders Agree on How to Fund DC United Stadium

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    News4's Tom Sherwood has the latest on the approval of the new DC United soccer stadium. (Published Thursday, Dec. 11, 2014)

    District of Columbia leaders say they've worked out their differences on how to pay for a new stadium for Major League Soccer's D.C. United.

    The D.C. Council approved the stadium deal earlier this month. The city will spend roughly $140 million to acquire the land for the stadium and infrastructure costs and another $40 million on tax credits. The stadium will be built on Buzzard Point in southwest Washington, a neglected peninsula about 2 miles south of the U.S. Capitol.

    Mayor Vincent Gray and the D.C. Council had disagreed on where the money for the project would come from. Gray, mayor-elect Muriel Bowser and Council Chairman Phil Mendelson said Wednesday that they've settled on a financing plan. The council will take a final vote on the stadium project next week.