The Washington Football Team is one step closer to building a new stadium and entertainment complex after members of the Virginia House and Senate filed legislation on Friday in support of the potential project.
The WFT first lobbied for a new stadium in December 2021. Now, two bills have been introduced that would create an authority that oversees the financing and construction of the stadium, according to The Washington Post.
- The proposed stadium would include “a vast commercial and entertainment complex.”
- Costs could reach at least $2 billion, UNC-Chapel Hill associate professor Nels Popp told FOS.
Whatever happens, the WFT likely wouldn’t be able to move from FedEx Field — their home since 1997 — as the team’s lease runs through 2027.
FedEx Field, which is owned by team owner Dan Snyder, cost $250 million to build in 1996 and has undergone several renovations since then. Last May, it underwent a complete overhaul of its playing field and piping system.
Part of the Trend
The Chicago Bears aim to close their purchase agreement for Arlington International Racecourse by early 2023. The deal for the property is valued at $197.2 million.
The Buffalo Bills recently proposed a new stadium that would cost roughly $1.4 billion.