Various Local Developers, Non-Profit and Municipal Clients


Economic Impact Experience

Provided economic impact analysis for various projects (Forest City’s Navy Yard project is pictured above).  Examples below include work for Boston Properties, District of Columbia’s Chief Financial Officer, Lowe Enterprises, National Theater and the Downtown DC Business Improvement District:

  • Boston Properties Square 54 Ground Lease Economic Impact, Washington, DC. Prepared economic development support for Boston Properties in their proposal submission for the award of the development rights on Square 54, the former GWU hospital site adjacent to the George Washington University.
  • District of Columbia Office of the Chief Financial Officer Economic Impact of the FBI Relocation, Metropolitan Washington, DC. In partnership with the National Academy of Public Administration, conducted an economic impact analysis of the FBI Headquarter Relocation Study for the District of Columbia Office for the District’s Chief Financial Officer.  Bolan Smart analyzed the impact on District tax revenues of an FBI Headquarters’ if it were to move within D.C. from Pennsylvania Avenue to another location in the District (Poplar Point).  The project evaluated tax revenue impact of two scenarios: (1) a privately-owned mixed-use redevelopment of the Pennsylvania Avenue site; and (2) development of Poplar Point for a region-wide FBI consolidation.  The report is available here.
  • Lowe Enterprises Development Feasibility, Washington, DC. Bolan Smart provided market analysis and economic impact assessments for Lowe in support of their successful competitive bid for a District of Columbia redevelopment land site.  The project, known as City Vista, comprises 685 residential units and 90,000 square feet of Safeway anchored retail space.  
  • National Theater Economic Impact Analysis, Washington, DC. For the National Theater Company, Bolan Smart evaluated the possible economic impact on the District of Columbia associated with renovating and updating the theater facility.  This analysis relied on establishing the reasonableness of three primary sets of assumptions: market potential (likely impact of improvements on National Theatre performances and attendance); general downtown economic impact; and, gross vs. net District revenue benefits.
  • Downtown DC BID Stanley Cup Economic Impact Analysis, District of Columbia. Provided a report of the DC economic impact and DC tax revenue impact of the Washington Capitals 2018 Stanley Cup Championship run.  Deliverables included assessing playoffs related economic activity both inside and outside of the Capital One Arena associated with home and away games as well as the Victory Parade.