DC UNITED CHIEFS AGREE FUNDING DEAL FOR NEW STADIUM

Major League Soccer outfit DC United have agreed a funding plan for their new stadium with the local government.

The venue is set to be the most expensive project in MLS history at a cost $286.7million, and the city have agreed to pay for the land and $40million of the stadiums tax credits, while United will cover the cost of its construction.

Earlier this month the local council voted unanimously to approve the stadium plans, and now an agreement has been reached over its funding.

DC United play at the Robert F. Kennedy Memorial Stadium, and have done so since 1996. Their capacity is currently over 45,000, but their new facility will see them downsize to between 20,000- 25,000 seats.

Posted on 12/12/2014