Mayor Bowser and DMPED release report showing fiscal impact of D.C. sports teams and facilities

DMPED releases a report showing the economic impact of sport and entertainment in the District. (Unsplash/Alex Koralkoff) By Mekhi AbbottAFRO Internmabott@afro.comThe Office of the Deputy Mayor for Planning and Economic Development (DMPED) researched the fiscal and community impact of sports and entertainment venues in the District with a new report, released on June 13. The report included an analysis of major sports teams potentially relocating to the District, while also including the economic impact that sports and entertainment facilities have had in the city as of date.& The report showed that major sports have generated significant revenue for the city, including a total of $5 billion in 2022. In 2023, nearly 7.5 million people traveled to the District to watch a major sporting event and 88 percent were non-District residents. 34 percent of visitors travel from Virginia, 30 percent travel from Maryland and an impressive 24 percent of fans travel from outside of the DMV.& “D.C. is the sports capital. We know how important sports are to our city’s economy and culture,” said Mayor Muriel Bowser in a press release. “They create jobs, generate tax revenue, and spur economic development. But sports also create a lot of pride in our...