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EY Study Lifts Forecast for National Harbor Sphere as Project Awaits Approvals

An EY analysis projects up to $1.5 billion a year, with key approvals still pending.

Overview

  • The latest analysis estimates $1.3 billion to $1.5 billion in annual economic impact and about $128 million a year in combined state and county taxes.
  • EY projects roughly 3,350 construction jobs and about 7,100 ongoing jobs tied to operations and nearby businesses.
  • Prince George’s County approved $170 million in bonds expected to be repaid from future property taxes, and the state committed $13.5 million.
  • The proposed 6,000-seat venue is planned on roughly eight acres near MGM National Harbor, with more than 2 million attendees a year projected.
  • Officials describe a roughly four-year build for the near-$1 billion project, yet no construction start is set and legislative budget actions remain outstanding.