{"id":2371956,"date":"2026-04-13T22:15:16","date_gmt":"2026-04-13T22:15:16","guid":{"rendered":"https:\/\/celebrity.land\/en\/?p=2371956"},"modified":"2026-04-13T22:15:16","modified_gmt":"2026-04-13T22:15:16","slug":"tourism-sports-and-entertainment-are-key-to-dcs-downtown-comeback-investors-say","status":"publish","type":"post","link":"https:\/\/celebrity.land\/en\/tourism-sports-and-entertainment-are-key-to-dcs-downtown-comeback-investors-say\/","title":{"rendered":"Tourism, sports, and entertainment are key to DC\u2019s downtown comeback, investors say"},"content":{"rendered":"

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The News<\/h3>\n

Washington, DC\u2019s economy could be revived by boosting investment in sports venues and programs to draw more visitors to the city, two major investors in team franchises told Semafor World Economy on Monday.<\/p>\n

\u201cI think this mayor has done a really smart job in saying, \u2018I need to diversify our economy into something for the coming decades,\u2019\u201d sports investor and venture capitalist Mark Ein said, praising DC Mayor Muriel Bowser for supporting sports investments.<\/p>\n

Ein, who is a limited partner in the Washington Commanders, pointed to the ongoing renovation of the city\u2019s RFK stadium site for the NFL team that is expected to be completed by 2030, as an example of what could be successful in helping to revive the local economy.<\/p>\n

\u201cThese investments are going to continue to pay off,\u201d Ein added, saying the mayor was right to bet on \u201ctourism, sports and entertainment, which plays off one of Washington\u2019s greatest strengths.\u201d<\/p>\n

Speaking on a panel with Ein, Ted Leonsis, CEO of Monumental Sports & Entertainment, also emphasized the need to work with local leaders to help bolster the city\u2019s recovery. \u200b\u201cIf we don\u2019t have a thriving metro area, thriving downtown, none of this happens,\u201d Leonsis said.<\/p>\n

In the fourth quarter of last year, Washington\u2019s economic output contracted by 8.3%<\/a> on an annual basis compared with the third quarter. The huge drop has partly been attributed to massive government job cuts in the city under the Trump administration.<\/p>\n

\u200bLeonsis\u2019 company is launching an $800-million renovation of Capital One Arena, home to the NBA\u2019s Washington Wizards and NHL\u2019s Washington Capitals, including $515 million<\/a> from the city.<\/p>\n

Know More<\/h3>\n

Leonsis said he views Monumental not as a regional sports network, but as a distribution company focused on knowing its teams\u2019 fan bases.<\/p>\n

\u201cWe\u2019ve now built, I think, the largest database of customers, and we can take all sorts of programming to get it to them,\u201d Leonsis said. \u201cWe need to use all of the power of AI to anticipate what do they want, what makes them happy, how will they come back to games?\u201d Leonsis said.<\/p>\n<\/div>\n

\u2018 The preceding article may include information circulated by third parties \u2019 <\/em><\/p>\n

\u2018 Some details of this article were extracted from the following source www.yahoo.com \u2019 <\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

The News Washington, DC\u2019s economy could be revived by boosting investment in sports venues and programs to draw more visitors to the city, two major investors in team franchises told Semafor World Economy on Monday. \u201cI think this mayor has done a really smart job in saying, \u2018I need to diversify our economy into something […]<\/p>\n","protected":false},"author":2,"featured_media":2371957,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_jetpack_memberships_contains_paid_content":false,"jnews-multi-image_gallery":[],"jnews_single_post":[],"jnews_primary_category":[],"jnews_social_meta":[],"footnotes":""},"categories":[25172],"tags":[327569,461374,461375,461376,425290,372428,22200,372437,355985,372436],"class_list":["post-2371956","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-entertainment","tag-dc","tag-mark-ein","tag-mayor-muriel-bowser","tag-semafor-world-economy","tag-sports-venues","tag-ted-leonsis","tag-washington","tag-washington-capitals","tag-washington-commanders","tag-washington-wizards"],"jetpack_featured_media_url":"https:\/\/celebrity.land\/en\/wp-content\/uploads\/2026\/04\/Tourism-sports-and-entertainment-are-key-to-DCs-downtown-comeback.jpeg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/posts\/2371956","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/comments?post=2371956"}],"version-history":[{"count":1,"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/posts\/2371956\/revisions"}],"predecessor-version":[{"id":2371958,"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/posts\/2371956\/revisions\/2371958"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/media\/2371957"}],"wp:attachment":[{"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/media?parent=2371956"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/categories?post=2371956"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/tags?post=2371956"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}