Entertainment & Sports Arena

Bigger Than Basketball

Please visit the Events DC website: Here

Project Overview

Mayor Muriel Bowser, Events DC, and Monumental Sports & Entertainment are committed to promoting transformative community development in Washington D.C. by the construction of a new Entertainment and Sports Area (ESA). The ESA will be an innovative and unique venue that will provide a much-needed boost to on-going redevelopment in Ward 8, spur greater economic opportunities for residents, and help create more pathways to the middle class.

Catalytic Investment Opportunity

- This is estimated to generate 300 permanent and 600 construction jobs, with a goal of hiring residents from surrounding community

- The ESA is estimated to attract over 350,000 annual new visitors per year at stabilization.

- Over lease term, Monumental Sports is contributing rent equivalent to $400,000/year and investing $10 million as a community investment towards community and economic revitalization of the St. Elizabeths East campus and surrounding community.

- Anticipated total new tax revenues at $4.5 million annually for a total of $90 million in new tax revenues over 20 years
  including ticket tax, concessions, and income taxes.

- Total return on dollars invested for DC is a fiscal return of $4 for each $1 invested in the ESA.

- The ESA will drive private investment dollars to the St. Elizabeths East campus redevelopment, including enhanced retail
  and hospitality opportunities adjacent to the Congress Heights Metro.

Will spur retail and private development dollars in the surrounding Congress Heights area.

Community Benefits Agreement

ESA Events DC Community Benefits Agreement

Timeline

Community Working Group and Outreach to Kick-off Winter of 2015/2016
Anticipated construction start of July 2016
Anticipated construction completion Fall 2018

Key Terms

- Total construction cost of $65M

- Sources of construction funds: Events DC $37M, District $23M, Monumental $5M.

- Monumental and affiliated entities will invest $10 million at the St. Elizabeths East Campus and in the surrounding community over the 19-year lease term which can include philanthropic investments.

- Events DC will construct facility.

- Events DC will ground lease the land from the District, and Events DC will own and operate the building.

District’s planned Stage 1 infrastructure improvements will service the facility.

Features

4,200 seat Sports and Entertainment for use as:
- Concert/ entertainment venue
- Community event Programming
- Wizards Training Facility
- Arena for Mystics and other sports teams
Parking and limited secured parking spots for Monumental
Adjacent to Metro Station (Congress Heights)
Located Outside of Phase 1 Area Currently Under Negotiation

Resources

DMPED, Events DC, & Monumental Term Sheet

“Bigger Than Basketball” Economic and Community Investments

ESA Press Release: Design Review

ESA Design Review- Community Presentation

News & Events

Washington Business Journal: Updated design for Entertainment & Sports Arena at St. E’s is a ‘more clean, modern’ look

Washington City Paper: Check Out New Designs for the Future Wizards Practice Facility

The Washington Post: A sneak peek at the new Wizards practice center, designed for sports and community alike

WTOP: Can St. Elizabeths sports complex be Ward 8’s Verizon Center?

Mayor Bowser, Monumental Sports & Entertainment, and Events DC Announce an Entertainment & Sports Arena in Ward 8

First look at the deal that will bring the Wizards, Mystics to St. E’s – Washington Business Journal, Sept 21, 2015