Events DC Announces Budget and Program for the Entertainment and Sports Arena (ESA)
The $65 million arena and training complex will include 4,200 split-bowl seating configuration to maximize use as a performance venue
Washington, DC – August 2, 2016 – Events DC, the official convention and sports authority for the District of Columbia, announced today the budget and program for the Entertainment and Sports Arena (ESA). The project budget will increase by $10 million from initial estimates in an effort to maintain its commitment to building a successful arena experience for District residents and visitors. The initial estimate of $55 million was a preliminary cost projection that was done prior to hiring an architect to review the arena program and develop the conceptual design. Since April, Events DC and the project team, inclusive of the program management team, Brailsford & Dunlavey and the architect/engineer joint venture of Washington Arena Design Group, comprised of Rossetti and Marshall Moya Design have worked closely with the Office of Deputy Mayor of Planning and Economic Development and Monumental Sports & Entertainment to perform the following tasks:
- The development, reconciliation and negotiation of detailed programmatic requirements for the combined facility (training component and entertainment component/arena);
- A Return on Design financial analysis to validate critical programmatic requirements for a performance venue, inclusive of the minimum-required seating capacity and an appropriate seating-bowl configuration to optimize event programming – a critical component of Events DC’s justification to invest and ultimately, operate the facility;
- The development of a conceptual design and detailed cost estimate of the conceptual design to evaluate a more accurate overall construction budget.
“These additional funds are mutually beneficial for all stakeholders, visitors as well as community members and maintain the original vision for the project – to build a world-capital worthy entertainment destination,” said Max Brown, chairman of Events DC’s Board of Directors. “This project will drive significant economic growth to an area of our city that deserves nothing but the best and that the rest of our city has had for years. It’s time that Ward 8 participates in our economic prosperity.”
For more details, please visit this link to view the full press release announcement.