National Harbor, Maryland. Sphere Entertainment, the State of Maryland, Prince George's County and Peterson Companies announced Sunday they intend to develop a 6,000-seat Sphere venue at National Harbor. The smaller-format site will feature a 16K x 16K interior screen, Exosphere exterior LED, Sphere Immersive Sound, haptic seating and 4D effects. Officials said the project would receive roughly $200 million total in combined state, local and private incentives, support about 2,500 construction jobs and 4,750 operational jobs, and could generate more than $1 billion annually in economic impact for the county and state. Based on 6 articles reviewed and supporting research.
Prepared by Emily Rhodes and reviewed by editorial team.
Sphere Entertainment, Peterson Companies, the State of Maryland and Prince George's County stand to benefit through projected increased tourism, venue revenues, job creation and expanded cultural attractions tied to the National Harbor development.
Public budgets will include a portion of the roughly $200 million in combined incentives, which reallocates state and local resources that might otherwise fund other projects or services.
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