According to the legislation, if approved, the District would buy the venue for $87.5 million and then lease it back to Monumental Sports, the ownership group of both…
Read more DC mayor proposes $87.5M purchase of Capital One Arena. Teams will stay in DC until 2050 – WTOP NewsUnder the legislation, $515 million in D.C.’s capital budget will go toward renovations to Capital One Arena and improvements to the surrounding area, including the Gallery Place building…
Read more DC Council unanimously approves hundreds of millions in funding for Capital One Arena renovations – WTOP NewsThe Washington Capitals and Washington Wizards would stay in D.C. until 2050, under a $515 million deal announced Wednesday by the mayor and teams’ owner. Ted Leonsis, right,…
Read more DC reaches deal to keep Capitals, Wizards at Capital One Arena until 2050 after Va. agreement falls apart – WTOP NewsAnother bill that would create a sports arena in Alexandria, Virginia, for the Wizards and Capitals is dead, according to the Prince William County delegate who sponsored it.…
Read more Another Alexandria arena project bill dead, negotiations will move to budget bill – WTOP NewsAn independent analysis found that moving the Washington Wizards and Capitals to Alexandria would have a huge economic impact on the city and state of Virginia. An independent…
Read more Alexandria releases economic impact study of moving Wizards, Capitals to Potomac Yard – WTOP NewsLegislation underpinning a plan to relocate the NBA’s Washington Wizards and NHL’s Washington Capitals across the Potomac River to northern Virginia easily cleared an early hurdle in the…
Read more Bill to help relocate Washington Capitals, Wizards sails through 1st Virginia legislative hearing – WTOP News
