The selected respondent(s) will be required to conduct a comprehensive economic impact analysis that includes, but is not limited to: A. Economic Impact on the City of Bridgeport and the State of Connecticut Direct, indirect, and induced economic impacts of the stadium and surrounding development. Job creation (construction and permanent). Impact on local businesses, tourism, and hospitality Projected increases in local and state tax revenues (e.g., property, sales, use, hotel, and admissions taxes). B. Revenue Forecasting Estimated annual revenue generated from: Payroll taxes Sales and use taxes Admissions and entertainment taxes Ancillary revenue streams (e.g., parking, concessions, naming rights) Timeline for revenue realization and ramp-up. C. Return on Investment (ROI) Analysis Estimated timeframe for the state to recoup its $127 million bonding investment. Sensitivity analysis under various economic and attendance scenarios. Comparison with similar stadium and mixed-use developments in comparable markets. D. Comparative Analysis of Publicly Funded Soccer Stadiums Identification and review of publicly funded soccer stadiums constructed in the United States within the last five years for Major League Soccer (MLS) and minor league professional soccer teams (e.g., USL Championship, MLS NEXT Pro). Analysis of: Total public investment and funding mechanisms Economic impact outcomes (jobs, tax revenue, tourism) Actual vs. projected ROI Stadium utilization and community benefits Summary of lessons learned and best practices relevant to the Connecticut United proposal. E. Alternative State Support Mechanisms Identification and evaluation of non-bonding alternatives for state participation in the project, including but not limited to: Tax increment financing (TIF) or special taxing districts State tax credits or abatements Public-private partnerships (P3s) Infrastructure grants or revolving loan funds Leaseback or revenue-sharing models Analysis of the fiscal, legal, and administrative feasibility of each alternative. Recommendations for structuring state support to maximize public benefit while minimizing fiscal exposure. F. Impact of Housing Creation Analysis of the economic and social impact of the proposed residential development surrounding the stadium, including: Number and type of housing units (e.g., market-rate, affordable) Projected population growth and demographic shifts Impact on local housing market, rental rates, and property values Demand for public services and infrastructure (e.g., schools, transit, utilities) Contribution to tax base and long-term neighborhood revitalization Evaluation of how housing development enhances or supports the viability and success of the stadium and broader mixed-use project.
