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United Deal Completed

May 26, 2014

More than four months after its deadline, the administration of Mayor Vince Gray has finally completed a deal to build a D.C. United soccer stadium at Buzzard Point and sent it to the D.C. Council for approval. Under the deal, the city will supply the land needed for the construction of the stadium, while the team will fund the actual construction. This will be accomplished via a series of land swaps. The District will trade the Frank D. Reeves Municipal Center at 14th and U streets NW to the developer Akridge in exchange for land Akridge owns at Buzzard Point, near the meeting point of the Anacostia and Potomac rivers. Additionally, the city will trade land at 1st and K streets NW to Pepco in exchange for the utility’s parcels on the stadium site. (WCP)

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