Washington, D.C. (Sports Network) - D.C. United and Washington, D.C. Mayor Vincent Gray announced Thursday the signing of a $300 million public-private partnership to build a 20-25,000-seat soccer stadium in the Buzzard Point area of the city.
"We are proud to say that D.C. United has achieved a major milestone towards establishing a permanent, state-of-the-art home in Washington, D.C.," United managing partner Jason Levien said in a club statement. "This is a significant step forward, and we are going to continue to work diligently and collaboratively with the Mayor's office and the D.C. Council to expedite this process and make this stadium a reality."
The costs of the project will be split evenly between United and the D.C. government with the city funding the land acquisition and infrastructure costs while the club pays for the construction of the stadium itself.
"This is an exciting plan that moves the District forward in two areas about which I'm passionate - economic development, particularly in the East End of the District, and sports," said Gray. "The new soccer stadium is the final piece in the Anacostia Waterfront Initiative puzzle that, when complete will create the most vibrant and sustainable sports-and-retail district in America."
The deal ends United's decade-long hunt for a new stadium, which had been offset numerous times for various different reasons throughout the club's tenure at RFK Stadium. D.C. United has not yet finalized the design of the new stadium.