From my post at the Washington Examiner:
A study that looks at the economic benefits of building a new soccer stadium in Baltimore for D.C. United is complete, according to a team release Thursday. The study was done at the request of Baltimore Mayor Stephanie Rawlings-Blake.
The study is not available online but according to the team's statement, a D.C. United move to Baltimore could drive tens of millions of dollars in new spending each year, attract hundreds of thousands of fans annually and generate millions of dollars in new state and local tax revenues.
Well, we could have told you that. They needed to spend more than $100,000 finding this out?
Mind you, this isn't the first time a feasibility study has been done on a new D.C. United stadium. The team all but moved to Prince George's County after a study commissioned for that jurisdiction found (gasp) much of the same results this latest study did.
That move fell apart after the County Council couldn't agree on how to pay for the new facility. And with the economy still inching along and development requiring a lot of capital, seems like D.C. United could use some financial backing way more than it could use a study for local politicians to wave around.
Read more at the Washington Examiner: http://washingtonexaminer.com/blogs/capital-land/2010/12/study-building-baltimore-stadium-dc-united-complete#ixzz18xcJCKCP