In order to help cover increasing development costs, Loudoun County supervisors agreed Tuesday to contribute an additional $10 million to a D.C. United training complex.
As part of a project taking shape at Philip A. Bolen Memorial Park, a new complex is being constructed to include Segra Field–a stadium that opened for USL Championship’s Loudoun United FC in August–and surrounding training space. Last year, an agreement was reached on a deal that called for Loudoun County to lease the land to D.C. United and provide $15 million in financing on the facility, which would be paid back by United.
In the period since, however, the project has been met with rising development costs, which prompted discussions about modifying the lease between the county and D.C. Soccer Management Co., LLC to include an additional $10 million in funding from the county. Loudoun County supervisors voted 7-1-1 on Tuesday to approve a modified lease agreement. As part of the revised lease, a strategic partnership will see United market Loudoun County. More from WTOP:
The Board of Supervisors voted Tuesday to modify its lease agreement with D.C. Soccer Management Co., LLC, to develop the stadium for Loudoun United and an adjacent training facility for D.C. United.
Citing regional increases in development costs, the team asked the county for additional assistance to complete public restrooms, locker rooms and parking facilities at the stadium, as well as construction of the training facility.
In its report to supervisors, staffers expressed concerns the complex might not be completed: “Should the County decide not to fund any of the increased costs, it is unclear how Tenant would fund the Training Center. It is possible that these elements may be indefinitely delayed.”…
In exchange for amending the lease agreement, the county and team will enter a strategic partnership “focused on highlighting the benefits of doing business in, living in and traveling to Loudoun County.”
Loudoun United began competing as a USL Championship expansion club last spring, playing the bulk of its schedule as road matches until Segra Field was completed in early August.
Rendering courtesy Loudoun United.
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