District of Columbia

Washington,

Major League Soccer Stadium Market Analysis, Economic Analysis, Fiscal Benefit Analysis, And Program Management

The District of Columbia Department of General Services selected B&D in 2014 to analyze the market potential and economic benefit pertaining to the development of a new 20,000- to 25,000-seat multi-use stadium for a Major League Soccer tenant in the Buzzard Point neighborhood of Washington DC. We conducted a detailed market study of the D.C. area to understand anticipated demand levels for such a project. Based on an estimated development budget, event patronage, and financial projections for the stadium, we quantified both one-time and recurring economic and fiscal benefits. The analysis revealed that the construction of the stadium would introduce over $92 million in economic activity, add $57 million in wages, and support 1,107 full-time equivalent jobs in the District of Columbia. Spending on construction materials, supplies, and employee salaries over the construction period was projected to generate over $7 million in direct and indirect fiscal benefits to D.C. On an annual basis, the project was expected to introduce over $51 million in total economic activity, support over $16 million in payroll, and support 452 full-time equivalent jobs in the District of Columbia. In total, the 30-year net present value of the recurring fiscal benefits was approximately $197 million. Our work helped the District make informed decisions during the negotiation of a development agreement with Major League Soccer’s D.C. United.

In 2015 we were selected by the Department of General Services / Office of the Deputy Mayor for Planning and Economic Development to provide infrastructure program management services for the new Buzzard Point stadium. As the owner’s representative, we are helping the District fulfill its obligations set forth in the development agreement entered into with Major League Soccer’s DC United. The District is obligated to acquire the soccer stadium site and prepare it for development, including utility relocation, demolition and remediation, and ground leasing it to DC United. The District also is obligated to close some streets and alleys on the stadium site and improve certain roads, sidewalks, right-of-ways, and other structures surrounding the project. The 20,000-seat, $300 million project is scheduled to open in 2018.