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Posted at 12:36 AM ET, 06/04/2012

D.C. United stadium cost, tax benefits outlined in study

Even the most cynical observers (yes, my hand is up) have to acknowledge the wheels of progress are finally beginning to turn for D.C. United. The other day, I updated you on United’s new financial backers and what role current investor Will Chang will have in the proposed group. Today, Post colleague Jonathan O’Connell writes about the estimated cost of the stadium, venue details, non-soccer development around the facility and its tax benefits to the city.

The money quote:

Robert T. Sweeney, president of the nonprofit sports commission, declined to comment on the study specifically, but said that the team’s effort to build a stadium was “further along than it ever has been in the past. Things are happening in the right places at the right levels behind the scenes.”

I paused before deciding to include a link to this survey because it implies the city would pay for the stadium. (Under the current formula, United would finance the stadium, with help from the city in land acquisition and infrastructure, similar to other MLS venue projects.) Visit it, anyway.

By  |  12:36 AM ET, 06/04/2012

Tags:  D.C. United, MLS

 
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