Prince George’s Authorizes $215M Public Financing Package for $1.4B Sphere National Harbor

Prince George’s County in Maryland has committed $215 million to support the construction of the $1.4 billion Sphere National Harbor, banking on strong long-term economic returns in exchange for the public financing. On Tuesday (Oct. 27), the Prince George’s County Council voted unanimously to approve the issuance of up to $215 million in special obligation bonds for Sphere Entertainment. Prince George’s County is providing roughly $130 million in site and infrastructure support through a Tax Increment Financing (TIF) arrangement.