Office of the Chief Financial Officer

DC Agency Top Menu

The Office of Tax and Revenue Reopens Walk-In Center and Recorder of Deeds Office for In-Person Services on October 4. Learn more here.
In-person appointments can be made by clicking here.

-A +A
Bookmark and Share

Projects Financed in the District - Verizon Center

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