Study: New DC Arena in Alexandria Would Spark Jobs Boom, Millions in Tax Revenue

Analysis finds moving Wizards, Capitals to Potomac Yard would generate $34M per year in tax revenue for Alexandria, 7 times more than without arena

Would also mean $40M+ per year for Virginia, more than double without arena

Estimates project would create over 29,500 permanent jobs for Virginia compared to 12,330 without arena

In short-run, would spark over 17,000 construction jobs for Virginia, versus just 2,380 without arena

With arena, development would total over 9 million square feet, compared to just over 1 million without