(a) The Mayor may assign or transfer to an instrumentality or authority of the District:
- (1) Ownership of the Stadium and the Parking Facilities; and
- (2) The authority to sell Stadium Seat Rights to the Developer pursuant to the terms of the Term Sheet.
- (b) Any revenue received by the District from the sale of the Stadium Seat Rights, including revenue received by an instrumentality or authority of the District pursuant to an assignment or transfer of the authority to sell Stadium Seat Rights pursuant to subsection (a) of this section, shall be dedicated to and expended only for the purposes for which such revenue may be expended under the Term Sheet.
Emergency Legislation
For temporary (90 days) creation of this section, see § 8 of Robert F. Kennedy Campus Redevelopment Emergency Amendment Act of 2025 (D.C. Act 26-150, Sept. 25, 2025, 72 DCR 10584).
History
Nov. 21, 2025, D.C. Law 26-54, § 8