Nationals Park – MLB Washington Nationals


Ballpark Site Evaluation And Financing Plan

In 2002 Major League Baseball wanted a report outlining multiple feasible options for siting and financing a Major League ballpark in Washington, DC. B&D was retained as project manager for the team of consultants brought on for this report. To evaluate sites for the ballpark, we completed an exhaustive survey of all possible locations that represented or could be assembled into parcels capable of accommodating the program, which we also defined. The survey yielded more than 30 potential sites. We then analyzed those sites using the following criteria: general design opportunities; access; parking; impact on existing communities; parcel availability; site issues; regulatory issues; economic development; and cost. Based on the recommended location, we created a financial model that included an operating pro forma for the ballpark, the franchise, ancillary retail development, ancillary commercial development, and ancillary residential development. With that model, we developed a financing plan that relied on tax revenues generated by the ballpark, player income taxes, the tax increments generated around the ballpark, a fee on local businesses, and capital from the potential ownership group. Major League Baseball relocated the Expos to Washington, DC for the 2005 season.