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What Is DCWatch?
|Government of the District of
Executive Office of the Mayor
Office of Communications
|FOR IMMEDIATE RELEASE:
MONDAY, FEBRUARY 13, 2006
|CONTACT: VINCE MORRIS
SUMMARY OF MAJOR LEAGUE BASEBALL'S CONCESSIONS TO CITY
(Washington, DC) Mayor Anthony A. Williams issued
the following summary of the concessions the District has won from Major
League Baseball. The list is intended to help District residents
understand what has been gained by the Mayor's legislation, which was
approved by the Council last week on a 9-4 vote.
KEY IMPROVEMENTS TO THE BASEBALL LEASE AGREEMENT
- The White House agrees to include $20 million in the FY 2007 budget
to improve and expand the Navy Yard Metro stop;
- Private developers agree to pay for road and sewer improvements in
- Residents will not be taxed to pay for the ballpark;
- Major League Baseball (MLB) agrees to contribute an extra $20
million to ballpark development;
- MLB agrees to a $320 million cap on the total construction costs of
- MLB agrees to help create a new youth baseball academy with a $3.5
- MLB agrees to increase the number of free tickets given to DC young
people from 8,000 to 10,000 per year;
- MLB agrees to hold a meeting in the District of all team owners
before the summer of 2008;
- MLB agrees that players will make a minimum of 50 youth, educational
or charitable appearances a year in the District.
- MLB agrees to allow the District to sell rights to related
development on the northern portion of site - about one million square
feet -- and to allow the city to retain 100 percent of the development
profit to offset land acquisition costs;
- MLB agrees that the District may retain two-thirds of the revenue
from non-event parking - those revenues would continue for 30 years;
- MLB agrees to pay annual team rent in a lump sum in advance of each
season to help the District achieve an investment-grade bond rating;
- MLB agrees to put up a letter of credit for a one-year rent reserve,
helping to ensure investment-grade rating and to waive "set-off
rights" against its annual rent and to bear associated costs.
- MLB agrees that if the stadium is completed late, the Nationals will
continue to pay rent while at RFK;
- MLB agrees that the Nationals organization will make the District
its principal place of business.
- Clark Construction agrees that 50 percent of construction work will
go to LSDBE subcontractors;
- Clark Construction agrees to hire and train District residents as