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SUMMARY OF BENEFITS OF MLB TEAM IN WASHINGTON, D.C.
- The ongoing benefits of a ballpark will total over $1B over a
30-year period
- Major League Baseball in DC will generate between $24-$30M in annual
tax collections
- Ballpark construction will support 3,500 jobs and generate $5
million in District tax revenues
- Team and ballpark operations will create 360 jobs earning an annual
total of $94M
- Visitor and fan spending outside the ballpark will account for over
$48 million annually in economic activity to the District
- New incremental room nights generated by 81 baseball games will
produce a total of $20M of this spending in hotels
- Over $17 million annually will be spent in DC restaurants on
food and beverages
- Visiting teams are projected to spend $1.9M per year in DC
- The overall economic benefit to the hospitality economy in the
District is $388,246 per game. On an annualized basis, the benefit
to the hospitality economy is $31,447,926.
- Outside ballpark spending supports 675 District jobs in excess
of $14M in earnings: 241 hotel jobs; 175 retail jobs; 174
restaurant jobs; 114 transportation jobs and 71 parking jobs
- Development of the ballpark and surrounding area will lead the
redevelopment of the Anacostia waterfront
- MLB will agree to a strong and substantial community benefits
package that will contribute to the needs of DC residents and youth,
including support for youth recreation, literacy and education; and
access to ballpark through free and discounted ticket programs
- $1 for each paid attendee over 2.5 million/year will go to the
Sports Commission for youth recreation, the Commission's grant program
and other public benefits
- The District will capture "net new" revenue that would
otherwise have been spent in another jurisdiction
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