Attorney General Brian Schwalb aims to bring Leonsis’s company, Monumental Sports & Entertainment, back to the negotiating table.
The D.C. attorney general wrote a letter saying the Washington Capitals and the Wizards can't leave the city until 2047.
In a March 18 letter to a representative of Leonsis’s company, Monumental Sports & Entertainment, Schwalb accused Monumental of breaking promises to the city by negotiating with Virginia, and said the plan to pull the teams out of Capital One Arena before 2047 — the end of a planned lease extension — was a no-go. Schwalb said he didn’t want to pursue legal action and hoped the disagreement could be worked out.
If the teams leave, it’s not clear what would happen to that facility. Monumental owns the arena and the city owns the land under it.State and local officials behind the deal, including the governor, have stressed that public funds for the project largely come from revenue that would not exist without it.
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