Events DC

Washington,

Convention Center Feasibility Study And Socioeconomic Impact Analysis

In the early 1990s Washington DC wanted to position itself as one of the nation’s premier convention destination cities, a position that was hampered at the time by the limited size of its convention center. A hotel and motel surtax was levied to support this effort and B&D served as the socioeconomic consultant on the team headed by EDAW, Inc., which completed the Environmental Impact Statement for the new convention center. Our responsibilities included analyzing both the economic and fiscal impacts of the proposed facility along with identifying and assessing the feasibility of key mitigation factors. We completed an assessment of existing conditions, including the demographic and economic characteristics of the area, and identified the overall fiscal impact of the project on the city. Operating finances and changes to tax revenues were considered, along with the new hotel and food tax revenues associated with the new center’s events. The Environmental Impact Statement was completed in 1996 and it successfully garnered approval for the construction of the new 2.3 million SF, $850 million Washington Convention Center, which opened in 2003. In its first year, the Center hosted nearly one million visitors and generated $425 million in business.