It appears the Washington Redskins will indeed hold training camp in Richmond for a third consecutive summer.
The Richmond Economic Development Authority voted Wednesday morning to cover the $285,538 shortfall that was owed to the team as part of the agreement that was reached in 2013, according to the Richmond Times-Dispatch. The city and team originally hammered out an eight-year deal to host training camp in Virginia’s capital city.
The city of Richmond was supposed to make an annual payment of $500,000 to the football team, but fell short in Year 1, causing the amount owed in 2014 to increase to $547,685.
But a second consecutive shortfall of revenue generated from the rent charged to tenants at the Bon Secours Washington Redskins Training Center, training camp sponsorships and vendors again put the city in a bind.
Washington could have exercised its right to walk away from the agreement, but team president Bruce Allen said at the end of the 2014 season that the team planned to return to Richmond again, and now just shy of two months later, the Richmond Economic Development Authority appears to have come up with a solution to scrape together the funds needed to make up for the discrepancy.
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