Thank you for sharing!

Your article was successfully shared with the contacts you provided.

WASHINGTON, DC-The metropolitan Washington region will not play host to the 2012 Summer Olympics, but officials plan to move forward with as many of the 10 new venues proposed for development as part of the area’s bid. Of those 10 facilities, five would have been temporary structures, but plans to construct the remaining five permanent stadiums and arenas and sports locales will not disappear with the city’s loss.

All in all, Washington outlined 33 sites–23 of which already exist–in the District, Maryland and Virginia to host the variety of games that would have taken place. Those undeveloped venues that remain a possibility include an 85,000-seat stadium and an arena at what would have been the Olympic Sports Complex at the current site of RFK Stadium, an 18,000-sf arena and a 5,500-sf velodrome in Baltimore and a 5,000-sf aquatic center in Arlington.

“The projects that were to be built needed to be done anyway and were intended to be adapted to the Olympics,” Chesapeake Region 2012 Coalition Senior Vice President Clarence T. Bishop, tells GlobeSt.com. For the Olympics, we only needed the facilities for 17 days, whereas the communities need and would use the facilities for years. I know Baltimore needs an arena whether there is an Olympics or not, so there is still an effort to pursue that.” With regard to the Baltimore arena, Bishop is certainly in the know. Coincidentally, he also holds the title of chairman of the board of the Baltimore Convention and Visitors Association.

Of the four city’s competing to become the two finalists for host city, the DC area’s Olympic budget bid was the largest at $2.8 billion. The estimated cost of all new construction would have been, “several hundred millions of dollars; mostly centered on the Olympic Complex at RFK,” Bishop notes. Development of the temporary facilities alone would have taken an estimated $205.5 million from that budget.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

Dig Deeper

GlobeSt. NET LEASE Spring 2021Event

This conference brings together the industry's most influential & knowledgeable real estate executives from the net lease sector.

Get More Information

GlobeSt. NET LEASE Awards 2021Event

These awards honor the industry's most influential and knowledgeable real estate executives from the net lease sector.

Get More Information


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.