The Downtown Arena Revitalization Congressional Review Emergency Act of 2025 aims to facilitate the redevelopment and operation of the downtown arena in the District of Columbia. The bill authorizes the Mayor to enter into a Development and Financing Agreement, an Amended and Restated Lease, and a Purchase and Sale Agreement with DC Arena L.P. It also allows for the granting of easements, airspace leases, and the continuation of property tax abatements and deed transfer tax exemptions related to the arena. Additionally, the bill includes provisions for the issuance of rules to allow for increased signage on the arena.

Key amendments to existing laws include the exemption of the downtown arena from real property and possessory interest taxes, as well as specific provisions regarding the leasing of airspace and the transfer of property between the District and DC Arena L.P. The bill also modifies the regulations governing signage to streamline the approval process for additional outdoor displays. The act is set to take effect upon approval by the Mayor and will remain in effect for a maximum of 90 days.