About the Proposed Soccer Stadium
The District has signed a public-private partnership term sheet with DC United to build a 20,000 to 25,000 seat, world-class soccer stadium in the Buzzard Point area of Southwest. The new stadium will be located adjacent to the Fort McNair Army base, and will be bounded by Half Street and Second Street SW, between R and T Streets. The stadium is anticipated to be completed in time for the 2016 season.
The deal anticipates a creative development plan, including a series of land swaps to support the approximately $300 million project and spur additional development without having an impact on the District's debt cap.
The District anticipates that it will swap District-owned property, including the Frank D. Reeves Center for Municipal Affairs, to assemble the stadium site parcels. The plan calls for Reeves Center tenants as well as District agencies currently in leased space to relocate to a new municipal facility in Anacostia near the intersection of Martin Luther King Jr. Avenue and Good Hope Road SE. This facility would be developed and funded using a model similar to the District's recently completed 200 I Street SE building. The new municipal complex will include street-level retail and adjacent residential and parking components. The facility will provide approximately 200,000 gross square feet (GSF) of office space and accomodate nearly 850 employees. This new facility will become an integral component of the retail and residential development plans already underway in Anacostia.
The term sheet calls for the District to act as a horizontal developer and assume the cost of land acquisition and infrastructure (approximately $150 million), while DC United would construct the stadium (approximately $150 million).
Although a design for the stadium has not been finalized, DC United officials have unveiled multiple potential design concepts.
The term sheet contains aggressive provisions, similar to those in the baseball stadium and school modernization programs, for the inclusion of District-based businesses in development contracts as well as local resident hiring goals for construction and operation of the stadium.