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One Step Closer for United

unitedThe big business story of the week came courtesy of a packed press conference in DC, where team officials and local politicians announced plans to build a new stadium for United within the District.  This is obviously enormous for the team and league.  Followers of the DC stadium situation and of this site know the remarkable efforts and breadth of geographic swath covered by DC in order to find a permanent home.  If this home is in the District (and work remains to be done), it will be a great success story.

It was not too long ago that United was looking towards PG County for a permanent home. Recall DC United’s efforts to get a stadium built in Prince George’s County took a small step forward with the Maryland House Appropriations Committee approving a bill to fund a study about the project.  Back in 2009 the Washington Business Journal reported that a feasibility study published by the Stadium Authority in September guessed that the team was likely to produce $65 million to $80 million in economic activity annually, which could mean the equivalent of more than 1,000 full-time positions and bring in more than $5 million in annual tax revenue.” There was also a brief flirtation with Northern Virginia.

Now United has seemingly landed in Buzzard’s Point, a dream location for the franchise and the league.  Not surprisingly, Steve Goff is the best resource on the stadium issue.  Goff reported that the stadiu, “which would hold at least 20,000 spectators, would take between 18 and 22 months to complete. United has pledged to pay for construction costs, estimated at $150 million. The city would spend about the same on infrastructure and land acquisition through a complex series of property exchanges with private owners. The facility would host more than just the 20-25 United games each year. The team and city envision concerts, college football, soccer and lacrosse games, high school football, and international soccer matches.”