DC STADIUM TOO EXPENSIVE

Ed Lazere, one of Washington DC's finance experts, has labelled DC United's proposed $300 million stadium too expensive.

The city of DC have committed $150 million towards the Major League Soccer outfit's project which Lazere believes can be delivered for $200 million to reduce the impact on DC taxpayers.

The executive director of the DC Fiscal Policy Institute told SportBusiness: “For us, the big picture is that $150 million is a lot.

"Every dollar that goes into the stadium from selling a public asset or whatever other source is a dollar that is not going to rebuild schools, affordable housing, or other needs that are important in the city, so in that context, it’s a lot of money.”

If their stadium move goes ahead it would see the club leave RFK Stadium, their home since 1996.

Posted on 05/09/2013