Bill > B26-0288

This bill establishes a comprehensive framework for redeveloping the Robert F. Kennedy (RFK) Memorial Stadium site in Washington, D.C., focusing on creating a new stadium for the Washington Commanders football team and transforming approximately 180 acres of waterfront property into a vibrant, multi-use development. The legislation authorizes the District to issue up to $759 million in bonds for infrastructure and up to $210 million for parking facilities, with strict conditions on bond issuance and expenditure. The bill mandates significant community benefits, including a requirement that the developer invest at least $50 million in community initiatives over 30 years, create 30% affordable housing, and prioritize local hiring with 51% of new jobs going to District residents and 20% specifically to residents of Wards 7 and 8. The development must adhere to environmental sustainability standards, with the stadium targeting LEED Platinum certification, and includes provisions for creating a Community Reinvestment Fund to support displacement prevention, small business programs, and public health initiatives. The bill also establishes oversight mechanisms, including quarterly reporting requirements and a Community Benefits Oversight Committee, to ensure transparency and accountability throughout the project's development.

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https://lims.dccouncil.gov/Legislation/B26-0288