RFK Stadium deal moves forward: Here are the key details
DC Council provides update for RFK Stadium plan
DC council provides an update on the plan to bring the Commanders back to Washington DC and to renovate the site of the old RFK Stadium.
WASHINGTON - A reworked deal between the Washington Commanders and city leaders brings the team one step closer to a return to the RFK Stadium site, with the D.C. Council set to vote on legislation Aug. 1.
Council Chairman Phil Mendelson said the agreement came together over the past 10 days, adding new revenue-sharing provisions while maintaining the city’s $1 billion investment. Mayor Muriel Bowser rallied supporters Thursday at the Wilson Building, urging continued pressure on the Council.
A public hearing is scheduled next week, followed by an initial vote Aug. 1. A final vote is expected Sept. 17.
READ MORE: RFK Stadium deal: DC Council to vote on legislation Aug. 1
Key details
Under the new terms, the District would gain an estimated $674 million in added revenue:
- $260 million from parking fees
- $112 million in parking taxes
- $54 million in merchandise sales tax
- $248 million in food and beverage sales tax
The Commanders said they welcomed feedback and support throughout negotiations and are one step closer to returning to our spiritual home.
READ the full details of Mendelson's announcement below:
The Source: Information in this article comes from the Office of Chairman Mendelson and previous FOX 5 reporting.