Investor Presentaiton
2nd St. SW
Stadium
outline
R St. SW
DC UNITED STADIUM-
Potomac Ave. SW
D.C.
BUZZARD POINT
WATERSIDE
MALL M St. SW
P St. SW
S. Capitol St.
NATIONALS
PARK
LEVITED
WE ARE
WASHINGTON
DC
MARK
EIN
S St. SW
AKRIDGE
First St. SW
PEPCO
T St. SW
Half St. SW
FORT
MCNAIR
2nd St.
V St.
Proposed D.C.
United stadium
BOLLING
AIR FORCE
BASE
Project Background:
Building on years of planning work and more recent
public investment, Buzzard Point is on the verge of
transforming from a bare industrial area to a compact,
mixed-use, highly walkable, and environmentally
sustainable neighborhood that is oriented toward an
enhanced waterfront. On December 30, 2014, the DC
Council formally approved the District of Columbia
Soccer Stadium Development Act of 2014, which paved
the way for a new state-of-the art soccer stadium in the
Buzzard Point area of Ward 6.
On June 30, 2015, the DC Council approved the
Amended and Restated Development Agreement with
Project Snapshot
ADDRESS: Between Half Street and Second Street
SW, between R and T Streets
SQUARES: 605, 607, 661, & 665
LOTS: 7, 802, 13, 804, 805 & Part 24
ZONING: CG/CR (existing), Seeking PUD approval
LAND SQ. FOOTAGE: 313,150 SF
DEVELOPABLE SQ. FOOTAGE: TBD
TRANSIT CONNECTIONS: 12-minute walk from
green-line Navy Yard-Ballpark Metro Station.
NEIGHBORHOOD: Southwest
FINANCING: $106 Million of General Obligation or
Income Tax-secured debt will be issued to finance a
portion of this project in FY16.
DC United, Amended and Restated Ground Lease and
Purchase and Sale Agreement with Rollingwood Real
Estate, LLC (Mark Ein), Super Salvage, Inc. (Super
Salvage), and Potomac Electric Power Company (Pepco).
Under the terms of the development agreement, the
District will acquire and prepare the site for
development, including utility relocation, demolition, and
environmental remediation. The District's infrastructure
and land acquisition costs are capped at $150 million. DC
United is responsible for the design, construction, and
operation of the stadium, which is capped at $150 million.
•
Project Benefits
17,000-25,000 seat facility
Natural grass field surface
Will host international soccer, US men's and
women's national team matches, lacrosse, rugby,
concerts, college football, and more
Projected to generate $1.6 billion in economic
activity
Projected to support 1,059 full-time equivalent
jobs
Projected to generate $64.7 million in fiscal
benefits
Project Updates
PROJECT STATUS: Planning
MILESTONES:
•
December 2014: DC Council approved Soccer
Stadium Development Act
June 2015: DC Council approved development
agreement with DC United and purchase
agreement
Planning to open prior to the 2018 seasonView entire presentation