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.
Our most popular stories of the week, sent every Saturday.
Stadium Scorecard: The Math Behind a New DC United Stadium
DC mayor Vincent Gray’s plan to fund half of a new $300-million venue for DC United doesn’t add up. Here’s the math.
$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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