Major League Baseball Team Relocation and Stadium Development
Components: Major League Baseball Ballpark (42,000 seats)
Project Value: $690 million
SAG managed a multi-faceted team that successfully assisted the District of Columbia with relocating the MLB-owned Montreal Expos to Washington, DC and developing a new ballpark. Our team addressed every issue associated with the project ranging from ballpark site evaluation to ballpark cash flow projections, finance plan development, programming, conceptual design, development budget estimates, finance plan legislation, outside infrastructure costing, land acquisition costing, preparation of the relocation “pitch book” to MLB, and ultimately negotiating the lease and ballpark development agreement with MLB.
The project budget increased over time as off-site infrastructure was added to the project and the finance plan evolved through a number of iterations. Ultimately, the ballpark was funded by team lease payments, taxes generated by ballpark activities, a business gross receipts tax (previously used for the MCI Center), and a business utilities tax. Nationals Park opened in March 2008.