The Robert F. Kennedy Campus Redevelopment Emergency Amendment Act of 2025 facilitates the redevelopment of approximately 180 acres at the former Robert F. Kennedy Memorial Stadium site by authorizing the issuance of bonds and establishing special funds. The act delineates the responsibilities of officials such as the Deputy Mayor for Planning and Economic Development and the Chief Financial Officer in overseeing the bond issuance and development process. It mandates that at least 30% of residential units in the redevelopment be designated as affordable, while exempting the project from certain local laws to expedite progress. The act also emphasizes public engagement and aims to create a vibrant, multi-use community that includes a new stadium and various amenities.
Additionally, the bill sets forth local hiring and equity requirements, mandating that 51% of new hires for the project be District residents, with specific preferences for residents of Wards 7 and 8. It establishes a Community Benefits Agreement requiring a minimum investment of $50 million over 30 years in community benefits, alongside the creation of a Community Reinvestment Fund and a Stadium Maintenance Fund. The bill also allows the Mayor to issue bonds for infrastructure projects related to the RFK Campus, with a total principal amount not exceeding $759 million for infrastructure and $210 million for parking facilities. Furthermore, it introduces amendments to existing laws regarding the Washington Convention Center Authority, including provisions for tax exemptions and the establishment of a Transportation Improvement Fund. The act is designed to take effect upon approval by the Mayor and is intended to remain in effect for a maximum of 90 days.