The Washington Commanders and Washington D.C. agreed to a deal to construct a new football stadium at the site of RFK Stadium, where they played from 1961 to 1996, they announced Monday.

The development, anchored by a roofed, 65,000-seat stadium, will be funded primarily by the Commanders, who would put up $2.7 billion, while D.C. taxpayers would pay $500 million.

The Washington Commanders are headed back to D.C. For almost 30 years, the team has played its home games in Landover, Maryland at Northwest Field (formerly known as FedEx Field). On Monday, the Commanders announced plans to build a new stadium in the District of Columbia with a video narrated by former quarterback Joe Theismann and posted to social media.