D&A Sports and Entertainment LLC is owned by local residents and developers William Askinazi and Tom Doyle. In 2006-07, D&A met with County leaders and suggested an idea that the County was in need of an arena style events center. The County, with the support of County Executive Isiah Leggett advertised a nationally competitive Request for Proposal ("RFP"). D&A and its consortium team was named the exclusive partner for the project.
Concurrent to the RFP, a study, funded by the Maryland Stadium Authority (www.mdstad.com/completed-studies/montgomery-county-arena),was released supporting an events center that would meet the requirements for community amenities to accommodate an increasing, diverse population seeking locally based, fixed seat entertainment facilities for graduations, trade shows, business conferences, large base religious events and indoor sport events. The study, referred to as the Sage Report substantiated sufficient economic and quality of life needs for an events arena located with maximum accessibility within the County. The opportunity to provide such an amenity is projected to support pent up demand for a 6,500 fixed seat multi-purpose indoor event center (“Event Center”), with capacity for an additional 1,500 floor seats.
The project is projected to provide an accessible venue on Metro that accommodates graduations, sporting events, family events, general entertainment events and more. In addition to the jobs generated from the construction of the site, the Sage Report projects economic impact of 764 jobs, with annual income pool exceeding $6.6 million and more than $18 million in revenues.
The preferred site, subject to continued negotiations and community support, is an eight (8) acre parcel at the west side of the Shady Grove Metro station, currently owned and operated as metered parking lot for commuters. D&A and the County will pursue a fifty (50) year ground lease, in exchange for providing, a privately owned and financed Event Center, including accommodation for 1,000 parking spaces adding to the inventory of available spots currently on the target parcel. As a preferred economic development site – D&A anticipates the ability to secure, but will not require, Federal funds to support enhancements to the existing Metro Station, with no County or taxpayer risk.