MuniCap, Inc. Study In December 2023, the Commonwealth of Virginia retained MuniCap, Inc. to review projections of revenue prepared by HR&A Advisors. The revenues pertain to the proposed redevelopment of Potomac Yards (sic), which includes a new arena to host the NHL’s Capitals and the NBA’s Wizards, as proposed by Monumental Sports & Entertainment. Download…
The Commonwealth of Virginia, City of Alexandria and Monumental Sports & Entertainment officials unveiled an overview of its plans Thursday for a new sports arena and entertainment district in Potomac Yard. View the plan
A meta-analysis of academic studies on public-funded athletic franchises and venues concludes that these projects largely fail to deliver the promised benefits for local economies and their taxpayers. Published in the Journal of Economic Surveys in February 2022. This paper was written by John Charles Bradbury of Kennesaw State University, Dennis Coates of University of Maryland, Baltimore County,…