The Robert F. Kennedy Campus Redevelopment Emergency Amendment Act of 2025 authorizes the issuance of bonds and the establishment of special funds to facilitate the redevelopment of approximately 180 acres at the former Robert F. Kennedy Memorial Stadium site. The act outlines the roles of key officials, including the Deputy Mayor for Planning and Economic Development and the Chief Financial Officer, in overseeing the bond issuance and project management. It emphasizes public engagement in determining site uses and includes provisions that exempt certain laws, such as the Procurement Practices Reform Act, from applying to the redevelopment transaction documents. The act mandates that the Developer provide affordable housing, with at least 30% of residential units designated as affordable, and establishes local hiring and subcontracting requirements to ensure community benefits.
Additionally, the bill creates a Stadium Maintenance Fund to be administered by the Mayor, which will receive excess revenue from the stadium for maintenance and repair expenses. It authorizes the Mayor to issue bonds for infrastructure and parking facilities projects, with specific financial limits, and outlines the procedures for compliance with financing documents. The act also mandates the production of a comprehensive report by January 1, 2028, regarding the establishment of a new fire company at the RFK Campus, and introduces a Transportation Improvement Fund to support public transit improvements. Furthermore, it amends various sections of existing laws to facilitate financing and development on the RFK Campus, including exemptions from property taxes for specific developments and compliance monitoring by the Washington Convention and Sports Authority. 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.