State officials peg the value of tax exemptions that would be given Jack Kent Cooke to build a new football stadium for the Washington Redskins at about $7.5 million annually. Cooke also would enjoy a one-time exemption of $2.9 million from taxes on materials and supplies needed for construction.

However, the tax exemptions, designed as incentives to get Cooke to build a stadium at Potomac Yard in Alexandria, Va., are deemed too generous by some state lawmakers, who must approve authorizing legislation before work on the stadium is started. Lawmakers also have to take into account the opposition voiced by many residents in the Alexandria area.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.