Washington DC To Hold NFL Draft 2027

[countryroads316]

 

[Sportster 72]

Clearly the league looks much fore favorably on the current owners of Washington football. NFL draft on the National Mall in 2027. It looks like Goodell is doing all he can to help get the support for a new stadium to be built on the RFK site. The draft will bring a crap load of money to the city. I wish Trumps support of the name Redskins would have a positive effect to go back to the Redskins but I don't think it will.

 

[Darrell Green Fan]

Yep this would have never happened under Little Danny. I think it's great.

 

[Buffalo_Nickel_1]

Good news for D.C $$$$

 

[Buffalo_Nickel_1]

I listen to one of radio people in DC it was either Jp finly or Sheehan they said 1 superbowl and 1 draft would generate enough money for new stadium plus all the concerts etc etx

 

[countryroads316]

Having a dome stadium you would be able to do all kinds of events from Concerts to WWE and everything in between

 

[Skin'EmAll]

Its hard to believe how fast things changed

 

[Sportster 72]

I listen to one of radio people in DC it was either Jp finly or Sheehan they said 1 superbowl and 1 draft would generate enough money for new stadium plus all the concerts etc etx

It is why I said the league and NFL are doing a solid for the football team by holding the draft in Washington to help the city pay for the new stadium with taxes collected from all the people coming to the city.

 

[Darrell Green Fan]

I listen to one of radio people in DC it was either Jp finly or Sheehan they said 1 superbowl and 1 draft would generate enough money for new stadium plus all the concerts etc etx

Wait wait one Super Bowl and one draft will generate the revenue to cover the amount the city will be responsible for which was reported at 1.1 billion dollars? I find that impossible to believe.

 

[PDay8810]

everyone behind Trump yesterday looked comfortable when Trump fielded questions about everything but sports.

heck of a price to pay.

 

[Sportster 72]

Washington won't make the entire $1.1 billion, see bekiw ... $238 million or about a 4th of what DC would have to pay for the new stadium.

"Washington D.C. could net a significant amount from hosting the 2027 NFL Draft, potentially exceeding the $236 million economic impact seen in Las Vegas for the 2022 draft. This would be part of a larger $3.7 billion development project, including a new stadium for the Washington Commanders and a mixed-use development. The D.C. Council must still approve the agreement."

What a new stadium does is bring in MORE money each year to the city. Of course to the Harris Group and the NFL too. The point or my point 2027 NFL draft in DC is this is a good faith investment by the NFL to help the team get there new stadium built. One thing to remember is the DC City Council will vote on this .... this summer.

Josh said he has a backup plan which I have to believe is building the new stadium at it's current site. Governor Wes Moore would love to have the stadium.

For those who don't remember Jack Kent Cooke spent his own money to build the current stadium. He wanted to put it in Alexandria where the old Potomac Yards (trains) was. VA and Alexandria wouldn't approve it. His next plan was to put in Laurel, MD but the state said no. The one place that would let him build the stadium was the sight between 214 and 202. Not a great site or neighborhood and it had little room for growth for businesses. It will be interesting to see if DC allows the stadium. Mayor Bowser, Josh Harris and the NFL are doing all they can to make it happen.

 

[Buffalo_Nickel_1]

Wait wait one Super Bowl and one draft will generate the revenue to cover the amount the city will be responsible for which was reported at 1.1 billion dollars? I find that impossible to believe.

According to them Kc vs eagles generated 1.8 billion

 

[Darrell Green Fan]

According to them Kc vs eagles generated 1.8 billion

Is that total dollars spent or direct tax revenue to the city? I'm going to suggest it's the former.

Edit: As I suspected this figure is dollars spent, ie revenue, not the figure the city receives in tax revenue. The figure for the city averages $150 million it's not billions.

Annual Super Bowl revenues range from $300 million to $1.3 billion, while net profits for host cities hover around $150 million due to revenue leaks to national hotel chains and the NFL. For Super Bowl 2025, hotels in St. Tammany (New Orleans) reached rates of $600 per night and 96% occupancy, surpassing previous records.

https://dobetter.esade.edu/en/super-bowl-economic-impact#:~:text=%2C%22%20L%C3%B3pez%20warns.-,Annual%20Super%20Bowl%20revenues%20range%20from%20%24300%20million%20to%20%241.3,hotel%20chains%20and%20the%20NFL.

 

[Darrell Green Fan]

Washington won't make the entire $1.1 billion, see bekiw ... $238 million or about a 4th of what DC would have to pay for the new stadium.

"Washington D.C. could net a significant amount from hosting the 2027 NFL Draft, potentially exceeding the $236 million economic impact seen in Las Vegas for the 2022 draft. This would be part of a larger $3.7 billion development project, including a new stadium for the Washington Commanders and a mixed-use development. The D.C. Council must still approve the agreement."

What a new stadium does is bring in MORE money each year to the city. Of course to the Harris Group and the NFL too. The point or my point 2027 NFL draft in DC is this is a good faith investment by the NFL to help the team get there new stadium built. One thing to remember is the DC City Council will vote on this .... this summer.

Josh said he has a backup plan which I have to believe is building the new stadium at it's current site. Governor Wes Moore would love to have the stadium.

For those who don't remember Jack Kent Cooke spent his own money to build the current stadium. He wanted to put it in Alexandria where the old Potomac Yards (trains) was. VA and Alexandria wouldn't approve it. His next plan was to put in Laurel, MD but the state said no. The one place that would let him build the stadium was the sight between 214 and 202. Not a great site or neighborhood and it had little room for growth for businesses. It will be interesting to see if DC allows the stadium. Mayor Bowser, Josh Harris and the NFL are doing all they can to make it happen.

Economic impact is not a direct profit figure to the city. It is the total dollars spent for an event. It is measured by the increase in wages, revenue from hotel rooms, dinners out etc that was created by this specific event. This is not the figure the city receives in dollars and cents.


WHAT IS ECONOMIC IMPACT?
Economic impact begins when an organization spends money. Economic impact studies measure the direct economic impact of an organization’s spending, plus additional indirect spending in the economy as a result of direct spending. Economic impact has nothing to do with dollars collected by institutions, their profitability or even their sustainability, since all operating organizations have a positive economic impact when they spend money and attract spending from outside sources.

https://www.uab.edu/impact/about-us/faq#what_is_economic_impact

 

[Sportster 72]

Economic impact is not a direct profit figure to the city. It is the total dollars spent for an event. It is measured by the increase in wages, revenue from hotel rooms, dinners out etc that was created by this specific event. This is not the figure the city receives in dollars and cents.


WHAT IS ECONOMIC IMPACT?
Economic impact begins w whhen an organization spends money. Economic impact studies measure the direct economic impact of an organization’s spending, plus additional indirect spending in the economy as a result of direct spending. Economic impact has nothing to do with dollars collected by institutions, their profitability or even their sustainability, since all operating organizations have a positive economic impact when they spend money and attract spending from outside sources.

https://www.uab.edu/impact/about-us/faq#what_is_economic_impact[/iltURL]

I believe I said that if you read ...t in DC will have but it beats not having it.

 

[Darrell Green Fan]

I believe I said that if you read ...t in DC will have but it beats not having it.

This is a strange bug, when I quoted your post I can see the entire post. But when I read your post it's cut off as it is doing here.

Again economic impact is how much money the event produced in additional spending on Hotels, etc. It measures gross visitor spending as well as addition wages. The SB in Las Vagas was huge regarding economic impact, yet the city and state received only $33 million in actual tax revenue which is not even close to DC's financial obligaton for a new stadium.

Las Vegas’ $1.003 billion included more than $230 million in incremental direct wages and salaries paid to local workers during Super Bowl weekend.

Super Bowl LVIII generated an estimated $33.6 million in tax revenues for state and local governments, including non-Super Bowl game entertainment taxes, room taxes, sales taxes and gaming-related taxes.

Super Bowl LVIII Generated $1 Billion Economic Impact For Las Vegas

Visitors in town for Super Bowl LVIII spent an average of $2,660, which is about twice as much as a typical visitor ($1,260 per trip).

www.forbes.com

 

[skinsdad62]

both of you are right .