Since 2010, Crossroads has served as the on-call economic advisor to the Maryland Stadium Authority (MSA) which most notably owns and operates M&T Bank Stadium and Oriole Park at Camden Yards. During the multi-year contract term, Crossroads has been responsible for conducting market and economic studies requested by the MSA for any public assembly related project including convention/conference facilities, arenas, stadiums, sports complexes, performing arts centers and racetracks. The State historically bases its level of funding on the incremental new tax revenues anticipated to be generated by a project. As such, Crossroads’ studies usually include developing a comprehensive cost/benefit analysis of estimated capital and operating costs compared to economic and fiscal benefits, which are matched to other potential funding sources (e.g., local government, private sector investment, etc.), in order to ascertain the overall economic viability of a project. Many of these projects include preparing financial pro formas and related assumptions for multiple development scenarios. To understand the State’s return on its investment, Crossroads completes annual economic and fiscal impact analyses for M&T Bank Stadium, Oriole Park at Camden Yards, Baltimore Convention Center, Ocean City Convention Center, Montgomery County Conference Center, the Hippodrome Theatre and individual sports and entertainment events held at M&T Bank Stadium.