Mayor Gray: $300 Million Soccer Stadium Deal Completed

Saturday, May 24, 2014  |  Updated 7:31 AM EDT
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Mayor Gray: $300 Million Soccer Stadium Deal Completed

D.C. Mayor Vincent Gray announced Friday the city has reached a business agreement with D.C. United for a $300 million soccer stadium.

Gray has submitted legislation to D.C. Council, outling his plan to bring a 20,000 to 25,000-seat stadium to southwest Washington.

The city has agreed to pay $150 million for land acquisition and infrastructure to support the stadium in southwest Washington. The team would pay $150 million to build the stadium itself.

According to a news release from the mayor's office, the city now owns 88 percent of the proposed site of the stadium at Buzzard Point.

“The new soccer stadium is the final catalyst for what is certain to become one of the most vibrant and sustainable sports and retail districts in America," Gray said in a release.

The city exchanged the city's Frank D. Reeves Center of Municipal Affairs with a real estate firm for the majority of the land at the site of the stadium.

The agreement reached Friday includes specific provisions including 51 percent of stadium jobs going to D.C. residents.

Some D.C. councilmembers, including mayoral candidates Muriel Bowser and David Catania, have expressed concerns about the deal.

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