Cost of buying and prepping the land, including a swap for the Reeves Municipal Center to developer Akridge.
The difference between Mayor Gray’s valuation fo the Reeves building ($56 million) and CFO Jefferey DeWitt’s ($76 million).
Tax breaks for DC United.
Cost of relocating DC’s traffic-light system from the Reeves Center.
The true cost of the stadium for DC.
This article appears in the July 2014 of Washingtonian.
Stadium Scorecard: The Math Behind a New DC United Stadium
$150 million:
Cost of buying and prepping the land, including a swap for the Reeves Municipal Center to developer Akridge.
+
$20 million:
The difference between Mayor Gray’s valuation fo the Reeves building ($56 million) and CFO Jefferey DeWitt’s ($76 million).
+
$40 million:
Tax breaks for DC United.
+
$20 million:
Cost of relocating DC’s traffic-light system from the Reeves Center.
=
$230 million:
The true cost of the stadium for DC.
This article appears in the July 2014 of Washingtonian.
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