D.C. may borrow for RFK Campus infrastructure and later parking work once required project terms and a community benefits agreement are in place.
D.C. may borrow by selling bonds to raise $500 million for RFK Campus infrastructure and $175 million for parking, once required agreements are in place. Parking bonds must wait until October 1, 2031.
Taxable stadium tickets and covered purchases face an extra 4.25% tax. Food, drinks, and parking are excluded from the purchase tax. Stadium and separate parking parcels avoid property tax while specified leases last.
For stadium and commercial construction, the developer must give Wards 7 and 8 residents preference for at least 20% of new jobs. The team must agree to invest at least $50 million in D.C. community benefits over 30 years.
At least 30% of homes built on the part of RFK Campus covered by the developer's deal must be affordable. Half serve households earning at most 60% of median family income; half serve those earning at most 30%.
Zoning rules do not apply to the planned stadium, related offices and parking, or public sports facility until each building gets its final permit allowing people to use it.
The mayor or a designated D.C. agency may borrow by selling bonds for RFK Campus infrastructure and parking. The bonds may raise $500 million after costs for campus infrastructure and $175 million after costs for parking facilities. Required project terms and a community benefits agreement must be in place before D.C. issues these bonds or spends the money they raise. Infrastructure bonds may be issued no earlier than October 1, 2025; parking bonds may be issued no earlier than October 1, 2031.
D.C. charges an extra tax on covered stadium sales and exempts specified stadium property from property tax. The 4.25% extra tax covers taxable public-event tickets and covered goods or services sold at the stadium. The property tax exemption covers the stadium and separate parking parcels. The extra tax on stadium purchases excludes food, drinks, and parking. The property tax exemption lasts only while the specified leases with Pro-Football LLC or its affiliate remain in effect.
The team must agree to community spending, and the developer must give certain D.C. residents hiring preference. The hiring rules cover construction for the stadium project and commercial development. Residents of Wards 7 and 8 get preference for at least 20% of new jobs in that work. The developer must make a good-faith effort to fill 51% of new construction jobs with D.C. residents. The team must enter the community benefits agreement before project bonds are issued or their proceeds are spent. The team's required community investment spans 30 years.
The developer must set aside at least 30% of homes on the RFK Campus development site as affordable homes. The rule covers homes on the part of RFK Campus covered by the District's deal with Pro-Football LLC. Half of the affordable homes are for households earning at most 60% of median family income, and half are for households earning at most 30%. The 30% share is measured across all homes built on the development site. Project agreements set details such as how long homes stay affordable. The usual city rules for including affordable homes do not apply there.
D.C. delays zoning rules for specified RFK Campus buildings. The rule covers the planned NFL stadium, related offices and parking, and a public sports and recreation facility on part of the RFK Campus. For each covered building, zoning rules begin to apply after its final permit allowing people to use it is issued.
No hearings or votes scheduled.