Projects Financed in the District - Verizon Center
| Project: | Verizon Center |
| Subsidy: | $50.0 million |
| Type of Financing: | TIF |
| Developer: | DC Arena |
| Description: | The Verizon Center is a sports and entertainment facility that is home to the NBA’s Washington Wizards, NHL’s Washington Capitals, the WNBA’s Washington Mystics, and the NCAA’s Georgetown Hoyas’s men’s basketball team. The $50 million was used to upgrade the 20,000 sf arena. |
| Picture Courtesy: | Verizon Center |