How much will the entire project cost?
Bringing baseball back to DC will cost about $400 million to build a new ballpark of which the District is proposing to contribute $275 million. The total project is estimated to cost $460 million and includes renovation of RFK as well the building and financing of a new ballpark. Of that, nearly 70 percent – $330 million – will come from public investment, with the remainder coming from the new owner. This level of public funding is very similar to what has been done in other cities. WHERE WILL THE PUBLIC INVESTMENT COME FROM? Bonds would be issued to finance construction of the ballpark. These bonds would be financed over a 30-year period and repaid through a combination of funding sources: • Taxes at the Ballpark: • Sales tax revenues will be collected on baseball admission tickets, concessions and merchandise at the ballpark. • Athletes playing in all new athletic facilities financed by the District of Columbia government will be subject to DC income tax for games played in the Dis
