The Commanders will reportedly pay $2.7 billion towards the $4 million project, with D.C. contributing $500 million, EventsDC adding $181 million, and another $175 million coming from "stadium activity.” Officials said that $1.147 billion will come from public funds, which is far less than other NFL stadiums currently under construction.

Mayor Muriel Bowser says the District of Columbia and the Commanders reached an agreement to construct a new home for the football team in the city.

Though the announcement comes as a win for D.C. leaders, the move also means the team will be departing from its decades-long home at Northwest Stadium in Landover, Md.