The unanimously approved deal calls for the District to spend $150 million on the long-debated project, including taking on $106 million in debt. D.C. United will spend about $150 million to build the stadium with more than 20,000 seats.
Departing Councilman David Catania questioned how the spending would affect other projects, including Reservation 13 and Metro funding.
“Something else is going to have to give, and that will be cuts in other areas,” Catania said, Washington Business Journal reported. “I think it’s important to note precisely where we are in respect to this project.”
Jason Levien, a D.C. United managing general partner thanked District officials.
“We are grateful that D.C. United’s future in our nation’s capital is secure,” he said in a statement. “This is a historic victory for the team and its fans, the city, the region and the sport of soccer in this country.”
The team invited fans to celebrate “our new home at Buzzard Point” at Penn Social (801 E. St. NW) today at 2 p.m.
Photo via D.C. United