Major development in £3bn project backed by Crystal Palace co-owner David Blitzer
Co-owner of Premier League club Crystal Palace, David Blitzer, is part of a group that has announced a major update to a £3bn stadium development. The American businessman, who became an early multi-franchise investor and was one of the first people to hold stakes in all five big North American leagues – NHL, MLB, MLS, [...]
David Blitzer, co-owner of Premier League club Crystal Palace, is part of a group that has announced significant progress in a £3bn stadium development project in Washington DC. The American businessman, who is a multi-franchise investor in the NHL, MLB, MLS, NBA, and NFL, is involved in the project that could be named after former US President Donald Trump. The development at the old RFK Stadium site will create a new home for the Washington Commanders, formerly known as the Washington Redskins.
With the project under construction, the ownership group has updated the site's renderings to include two substantial parking decks, each capable of accommodating up to 6,000 cars. The decks will be located on either side of the stadium, with one set in an area surrounded by residential buildings. A notable architectural feature of the new stadium will be an open-air seating area that provides unobstructed views of the US Capitol building.
The Oval Office has stated that the Commanders' naming rights could be offered to President Trump, who reportedly finds the gesture "beautiful." The project's ownership group includes Blitzer, long-term business partner Josh Harris, NBA legend Earvin "Magic" Johnson, Danaher Corp co-founder Mitchell Rales, and venture capitalist Mark Ein. Blitzer's investment firm, HBSE, was co-founded by Blitzer and Harris in 2017 and includes the Washington Commanders, the New Jersey Devils, and a NASCAR team in its portfolio.
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