The new Inglewood venue to be the home of the Rams and Chargers will be known as SoFi Stadium, according to a naming rights deal announced Sunday.

The District plans to tear down the dilapidated RFK Stadium by 2021, a move officials say is driven by a need to save money and not to advance any plans for the Redskins to build a new football stadium there.

The stadium commonly know to Coloradans as “Mile High” has been renamed Empower Field at Mile High. The agreement, which runs through the year 2039, is pending approval by the Metropolitan Football Stadium District, according to the Broncos.