• Loading stock data...
Thursday, February 22, 2024
Register Now for Future of Sports: Cybersecurity

Study Shows New NFL Stadium Could Generate $24.7B for Virginia

  • A study commissioned by the Washington Commanders found that the team's stadium and mini-city project could bring $24.7 billion to Virginia in economic activity.
  • The project could bring $3 billion in tax revenue to the state.
Washington Commanders

An economic impact analysis commissioned by the Washington Commanders shows that the team could be a major financial force in Virginia.

The study, conducted by JLL Sports & Entertainment, found that a new stadium and surrounding development would bring in $24.7 billion in direct economic activity and support 2,246 jobs by 2033, according to the Richmond Times Dispatch. 

  • The project is projected to generate $3 billion in tax revenue over 30 years.
  • Plans call for a 55,000-seat stadium, which would be the smallest in the NFL. The Commanders’ current home, FedEx Field in Maryland’s Prince George’s County, holds 82,000. 
  • Stadium designs feature a translucent roof and color-changing exterior.

The $3 billion mini-city project would also include an amphitheater, restaurants, bars, office space, and a convention center.

The team recently purchased an option on 200 acres of land in Virginia’s Prince William County for $100 million

Snyder Under Pressure

The biggest hurdle to a stadium deal may be the team’s owner, Dan Snyder. Three Virginia legislators pulled their support for a $350 million subsidy for the project, citing the fact that Snyder is the subject of an ongoing congressional investigation.

A House Oversight Committee probe is looking into financial improprieties, hostile workplace claims, and sexual misconduct allegations against Snyder himself.

A vote on stadium financing was pushed back in light of legislators’ concerns.

Copy Link
Link Copied
Link Copied

What to Read

Sabrina-Steph Wasn’t the ‘Battle of the Sexes’—But It Was Part of the Bigger War

The competition could play a factor in increasing the WNBA’s media value.
NASCAR Cup Series driver Bubba Wallace (23), in a Star Wars rebel alliance X-wing fighter pilot-inspired race suit, motions to the crowd to get louder during the driver introductions for the Cup Series Championship race at Phoenix Raceway in Avondale on Nov. 5, 2023.

Celebrity Owners, International Ambitions, and $7B Media Deals: Welcome to the New NASCAR

NASCAR boldly keeps pace with the increasingly competitive sports and entertainment world.

Wilson Introduced an Airless Basketball for $2,500. We Had Questions

The black, 3D-printed ball appeared in last year’s Slam Dunk Contest.
Ted Leonsis

Key Legislator: Leonsis Arena Project ‘An Absolute No’

Chair of Virginia’s finance committee refuses to hold hearing on $2B development
podcast thumbnail mobile
Front Office Sports Today

The Company That’s Selling Inspiration


Featured Today

Emily Henegar, a baker and content creator, made a batch of NFL-inspired cookies featuring Taylor Swift and Travis Kelce.

The ‘Life-Changing’ Economy of Taylor Swift’s NFL Outfits

Appearing in Swift’s game-day wardrobe has been “life-changing” for small businesses.
February 11, 2024

Tom Brady’s Post-Retirement Embrace of Las Vegas

With business all over town, one partner says, ’He’s going to be a great addition to the city.’
Super Bowl
February 11, 2024

Does the Vegas Super Bowl Make Economic Sense? Depends Where You Get Your Figures

The game’s impact on an already bustling town is a thorny subject.
February 10, 2024

How Two EDM-Loving Dudes Reinvented the Super Bowl Party

The inside story—replete with tigers and billionaires—of Medium Rare.


Powered By

Careers in Sports

Looking for a new job? Check out these featured listings and search for openings all over the world.
Finance Manager
New York, NY
Senior Technical Artist - Sports Technology
EA Sports
Orlando, FL
Assistant Manager, Affiliate Operations
Portland, OR

Where Are the A’s Playing Next Year? Let’s Weigh the Options

Highly anticipated decision on MLB team’s temporary home could arrive within weeks.
Sen. L. Louise Lucas
February 20, 2024

Meet L. Louise Lucas, Pro Sports’ New Power Broker

Influential Virginia legislator continues to show firm resistance to proposed Alexandria arena.
February 21, 2024

Diamondbacks Change Tone As Chase Field Renovation Talks Drag On

MLB club owner suggests that ‘we may run out of time in Phoenix.’

Live Sports Are Now High-Tech Experiences

Oracle is leading the technology revolution happening in stadiums across the world.
February 19, 2024

NHLPA, Local Unions Could Kill Coyotes’ Last Chance in Arizona

Closed lines of communication and a holdup over a new land parcel are prolonging an ugly stadium situation.
Oakland Athletics
February 15, 2024

New A’s Renderings May at Last Be Near. One Exec Says He’s Seen Them

MGM CEO claims to have viewed three different versions of the ballpark site plan.
Oakland A's logo at RingCentral Coliseum
February 14, 2024

Oakland and the A’s Could Reunite for a Few More Years. Here’s How

Team and local officials set to meet Thursday about possible lease extension.
Mullett Arena
February 5, 2024

Despite Progress in Phoenix, Salt Lake City Looms in Coyotes’ Arena Efforts

NHL team files application to buy about 200 acres of land in north Phoenix.