When the mayor first announced the Redskins move earlier this year, he said it would cost between $9 and $10 million to prepare a site for the team.
CBS 6 reporter Catie Beck spoke with a Richmond City Council member who has been briefed on the financials of the mayor's proposed deal.
She reported the total cost of renovating the Leigh Street site for the Redskins would run $10 million and would include two football fields, a field house, a training facility and a Bon Secours medicine building.
In order to pay for the project, the mayor would like to extend a $10 million line of credit to the Economic Development Agency (EDA).
Of the $10 million, Bon Secours will would pay $6.4 million to the city to lease the medical building over for the next eight to 10 years.
The city hopes corporate sponsors will help pay off the remaining $3.6 million left on the tab.
The mayor's plan would need the approval of Richmond City Council. Click on the video for Catie Beck's full report.