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Washington, D.C. Morning Brief Washington DC

Washington, D.C. Morning Brief

July 11, 2017 Bisnow

D.C. United Lands $25M In PACE

Financing For New Stadium Project

EagleBank has reached a deal to provide $25M in financing for D.C. United's 20,000-seat Audi Field soccer stadium. The financing is being provided through D.C. PACE, the District government's clean energy financing program. It will allow the stadium to reach LEED Gold standards by incorporating integrated solar, LED field lighting and aggressive stormwater management measures. As of June 2017, this project marks the nation’s largest PACE financing by a single lender and the first use of PACE for a stadium project. The facility will feature 31 luxury suites, a bike valet, and 500,000 total square feet of mixed-use retail and residential space on site.

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16 Things You Need to Know This Morning

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