The proposed bill establishes a Stadium Seat Rights Funding Agreement (SSRFA) between Events DC and DC Football Stadium LLC (StadCo) to facilitate the construction of a new stadium for the Washington Commanders. The agreement allows for a maximum funding amount of $975,000,000, which will be sourced from the sale of stadium seat rights. This funding is specifically designated for covering the construction costs of the stadium, in alignment with the Robert F. Kennedy Campus Redevelopment Amendment Act of 2025. The Mayor is authorized to sell these seat rights to StadCo, with all proceeds directed to a construction trust to ensure proper financial management.

The bill also outlines the operational framework for the sale and licensing of stadium seat rights, emphasizing that Events DC will not provide additional funding to StadCo, nor will either party retain revenue from the transaction. The SSRFA is designed to ensure that the financial obligations are balanced by the revenue generated from the sale of seat rights, thereby protecting the financial position of the Washington Convention and Sports Authority. The agreement is contingent upon the approval of the Council of the District of Columbia and includes various provisions regarding the management, administration, and legal obligations of both parties, ensuring a comprehensive and enforceable framework for the stadium's development and financing.