Monday, June 4, 2012

More Details on DC United Stadium Proposal

According to an article in Capital Business, a study commissioned by the Greater Washington Sports Alliance concludes that a new soccer stadium at Buzzard Point for DC United would cost at least $157 million to build and generate $5.5 to $7.3 million a year in tax revenue. From the article:
The study envisions a 24,000-seat stadium — with 50 suites, 240 loge seats and 1,200 club seats — on Buzzard Point in Southwest Washington. It would hold 17 league matches a year for United as well 25 to 37 other events, including international and college soccer matches, concerts and community events.
 The stadium would be located in the vicinity of Akridge's 100 V Street site in Buzzard Point, which is only a few blocks southwest of Nationals Park.  Back in March, there were some details released about an entertainment district planned for the area along Potomac Avenue. More from the article:
According to the D.C. study, the stadium could be built as part of an $82 million mixed-use development on Buzzard Point that would include a 2,000- to 2,500-capacity music venue, 100,000 square feet of retail, 30,000 square feet of offices and 100 apartments.
Plans for a stadium have been discussed behind the scenes for the most part, but it appears the Buzzard Point proposal has some legs.  Infrastructure improvements would be funded by the city while the team would build the stadium, although there is no formal agreement in place.  The fact that a study has been commissioned to analyze the potential costs and benefits of a new soccer stadium means there may be some momentum.  Capital Business has set up a survey to see whether the city should invest in helping to build a soccer stadium built in Southwest.

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