Josh Harris on Commanders' New DC Stadium, Sports Valuations, and Building Winning Teams
Bloomberg OriginalsMay 28, 202548 min101,663 views
54 connections·40 entities in this video→Commanders' New DC Stadium Deal
- 🏟️ Josh Harris discusses the seismic $3.8 billion deal for a new, next-generation stadium at the RFK Stadium site in Washington D.C., aiming to bring football back to its spiritual home.
- 💡 The project includes a $2.7 billion stadium with a dome, capable of hosting major events, and a broader $3.8 billion redevelopment plan featuring affordable housing, parks, and retail, revitalizing the Anacostia River area.
- 🤝 The deal involved complex negotiations with Maryland Governor Moore and securing a 100-0 vote in the Senate for land transfer, followed by an agreement with the DC Mayor and ongoing work with the City Council.
- 💰 Harris emphasizes the deal is the largest investment in DC's history, with 30% of new housing designated as affordable, aiming to benefit the city economically and socially.
Stadium Funding and Development Philosophy
- ⚖️ Harris explains the calculus for balancing private and public funds, ensuring the deal is highly favorable to DC, especially given the RFK site's current disrepair and zero economic output.
- 🗣️ He notes criticism that the Commanders might have gotten
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What’s Discussed
Washington CommandersJosh HarrisRFK StadiumStadium DevelopmentPublic-Private FundingSports ValuationsPhiladelphia 76ersComcastNFL Players AssociationPrivate EquityGrowth EquityWNBADeal MakingFan Experience
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