Prince George's County Council approves $200m tax incentives for Sphere National Harbor
Deals & M&A · SectorWire deskSource published
Summary
Prince George's County Council unanimously approved $200m in tax incentives for Sphere National Harbor on 27 July. The council endorsed the National Harbor Extraordinary Development District in Oxon Hill, requiring Sphere Entertainment to invest at least $500m in an immersive venue with at least 3,000 seats. An EY study projects more than $1.3bn in annual economic impact and 7,100 jobs once operational.
Why it matters
The TIF-backed approval moves a $1bn entertainment venue next to MGM National Harbor closer to construction, with county tax revenue tied to its performance.
Cite as: SectorWire, “Prince George's County Council approves $200m tax incentives for Sphere National Harbor”, 28 July 2026, https://sectorwire.news/item/prince-george-s-county-council-approves-200m-tax-incentives-for-sphere/