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0.00248320186970475 0.000693835816535195 3.65176745544512E-05 -0.000365176745544927 0.00335962605901241 0.00602541630148984 0.0146801051709026 0.0146801051709026
Stock impact report

Bill signed in Maryland makes way for Sphere entertainment venue in Prince George's County [CBS News]

Sphere Entertainment Co. Class A (SPHR) 
Company Research Source: CBS News
State and county leaders announced in January that the 6,000-seat venue could be coming to National Harbor, potentially making it the second of its kind in the U.S. Maryland's Sphere would be a smaller version of the one that opened in Las Vegas in 2023, according to the proposal. The bill adjusts Tax Increment Financing (TIF) definitions, providing the county with the flexibility of funds to support the project. Prince George's County Executive Aisha Braveboy said tax funding was initially limited to infrastructure needs. However, the National Harbor area is already developed with necessities, including roads, water and sewer. Braveboy said proceeds from public bonds, and not tax funding, will be used toward the project. According to Maryland leaders, the addition of the sphere would support further economic development in the region. Extraordinary Development District The bill, HB1247 , changes the definition of an "Extraordinary Development District" and expands the Show less Read more
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