ALEXANDRIA, Va. (DC News Now) — A brand new research initiatives tens of 1000’s of jobs will probably be completely created on account of the $2 billion sports activities and leisure undertaking proposed for Alexandria’s Potomac Yard neighborhood.

In a memo to the Alexandria Economic Development Partnership (AEDP) on Friday, HR&A Advisors outlined the potential impacts of growing an leisure district in Potomac Yard.

The impact study initiatives that an leisure district would “generate approximately 30,000 permanent jobs for the Commonwealth of Virginia.”

Plans for the undertaking have been unveiled earlier this month with fanfare, and promoted by Governor Glenn Youngkin, and Monumental Sports & Entertainment CEO Ted Leonsis.

A accomplished undertaking may additionally convey the Washington Wizards, and Capitals skilled sports activities groups to Northern Virginia — leaving their D.C. dwelling at Capital One Arena.

The research outlines two potential eventualities, a “Baseline” situation that displays deliberate improvement beneath present market circumstances and web site commitments with no enviornment and an “Arena + Accelerated Development” situation that would come with a brand new enviornment on web site, in addition to additional improvement of the leisure district.

In the primary situation, “Baseline Development,” new improvement would solely happen within the space in pink on the map (above). It would come with residential, retail and workplace area. The present Potomac Yard Shopping Center would keep in place. This situation can be completed someday between 2030 and 2046.

The second situation,” Arena + Accelerated Development,” would have two phases. The first section can be accomplished between 2028 and 2029 and embody a performing arts venue, staff facility, enviornment parking storage and workplace constructing. The workplaces would come with area for Monumental Sports company headquarters, Monumental Sports Network Studio and Virginia Tech area. This half would constructed within the pink space on the map (above).

Additional residential, retail, resort and convention area can be within the gentle blue space of the map labeled “Private Development in Pase 1” (above).

The second section – “Additional Development” – can be accomplished between 2031 and 2036 to incorporate residential, retail, resort and workplace improvement. This can be constructed within the gentle and darkish blue areas of the map labeled “future development and “long-term future development,” respectively.

The research discovered that the Potomac Yard Entertainment District would generate each one-time and everlasting job creation.

Under the primary situation, Alexandria and Virginia would generate 2,725 new one-time development jobs and 21,520 everlasting full-time jobs.

Under the second situation, Alexandria and Virginia would generate 20,180 new one-time development jobs and 52,940 everlasting full-time jobs.