Sphere Entertainment is advancing plans for a Sphere venue at National Harbor, expecting to complete a third-party financing agreement in the near term that would be in addition to $200 million in state, local and private incentives. Executive Chairman and CEO James Dolan said the contemplated financing would give Sphere full day-to-day operational control, allow it to consolidate the venue’s financials, and retain more of its economics, with the venue potentially opening in under four years. The company has filed a detailed site plan with Prince George’s County and is working toward permits. Meanwhile, construction is underway on a Sphere in Abu Dhabi on Yas Island, targeted for completion by the end of 2029. Dolan also noted that The Wizard of Oz at Sphere has sold nearly 3.6 million tickets for approximately $450 million in ticket sales, and a new experience, The Rocky Horror Picture Show at Sphere, is expected to debut in 2027.
Sphere Entertainment Co.Third-party financing and $200M incentives advance Sphere venue at National Harbor, with operational control and financial consolidation.