Real Estate

DC Sports Mogul Forecasts a Single Future DC/Baltimore/Richmond Super City

You can probably call Washington sports mogul Ted Leonsis a member of the “smart money.” In a recent interview with the Baltimore Sun, he talks about how Baltimore and Washington growing and merging into a single super city that also includes Richmond. In his words, the super city will one day approximate the size and influence of New York, Los Angeles and Chicago.

He says that by 2050, the mega metropolis will have spread to include Richmond to the northern edge of Baltimore. Here’s Ted’s words about the city and his philosophy. We can get behind this one!

“I’ve always felt that Baltimore and Washington were one community,” he says. “I fly BWI as often as  I fly Dulles, I have probably gone to as many Ravens games as I have Redskins games.”

It’s no surprise about Leonsis’ thinking – his Monumental Sports & Entertainment organization recently put Arena Football League teams into both DC and Baltimore.  Monumental already owns the Washington Wizards, Washington Mystics, Washington Capitals and Washington’s Verizon Center.  They made the move to acquire a DC expansion team within the struggling Arena Football League, and during the process, acquired the Baltimore expansion franchise. Leonis makes decisive sports moves, and his investment into Baltimore is a prime example of putting his money where his mouth is.

“We can certainly appreciate Leonsis’ philosophy and his moves in making Baltimore a part of his sports empire,” said Gerard DiRuggiero, Principal Broker of UrbanLand Company. “In local real estate (but on a much smaller scale!), we’re doing the exact same thing with UrbanLand Company. We invested in a Baltimore site in a great spot in Hampden in January of this year and are currently fast-tracking it through renovation in preparation for our regional Baltimore real estate office opening soon! We believe in this market and see great things up north!”

Thanks to the Baltimore Sun on the alert!

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