The vote marks the first step toward a renovation project that city leaders hope will transform the neighborhood into an “Entertainment District” that could boost downtown’s ailing economy.
A police vehicle sits outside of D.C.'s Capital One Arena on Feb. 11. The D.C. Council on Tuesday voted unanimously to spend $515 million over the next three years to help Washington Wizards and Capitals owneran agreement Leonsis and Mayor Muriel E. Bowser reached last week
The terms of the tentative agreement, a copy of which was obtained by The Washington Post on Monday afternoon, go to significant lengths to address Leonsis’s concerns about public safety around the arena as well as his desire to grow the footprint of his company, Monumental Sports & Entertainment. But some of its provisions raised early concerns from lawmakers seeking to ensure the District gets sufficient return on its investment.could change as D.C.
She called the document a “guidepost” for the city to help Monumental expand while executing a shared vision to create an entertainment district — fortifying area businesses and tax revenue for the city in the process. Some components of the deal, she said, are likely to come back to the council for approval — including any significant amendments to the ground lease with Monumental or terms that would require legislative changes.
Council member Zachary Parker asked about the potential impact that the provision would have on the city’s already strained police department and how a drug-free zone would work at the arena when they are temporary under current law. Albert said the details have yet to be worked out, but speaking with reporters, she said the police staffing expectations are in line with events held at Nationals Park and Audi Field.
United Kingdom Latest News, United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
DC Council creates plan to avoid Capital One Arena crisis redo with Nats ParkThe Washington, D.C., City Council is hoping to shore up keeping the Nationals in the district as the Wizards and Capitals flirt with moving to Virginia.
Read more »
City Council President Kenyatta Johnson discusses the new era for Philly City CouncilKenyatta Johnson talks about developing a new era for Philly City Council under his leadership, his relationship with Mayor Cherelle Parker and putting forth a positive vision for the city.
Read more »
HELIX, Saison Capital and NewTribe Capital gathers Real-World Asset (RWA) Leaders at TOKEN 2049 DubaiHELIX, Saison Capital and NewTribe Capital are thrilled to announce the launch of RWA Leaders Brunch, happening on the sidelines of TOKEN 2049 Dubai on the 18th of April 2024, 10 am - 1 pm
Read more »
Borderless Capital acquires quant firm CTF Capital, plans LatAm HQ in ArgentinaU.S.-based Borderless Capital accelerating LatAm expansion while adding CTF Capital's proprietary trading technology.
Read more »
Borderless Capital Expands Global Presence by Acquiring Asset Manager CTF Capital in Miami and LatAmCrypto Blog
Read more »
Mobile City Council members agree one Comic Cowboys sign crossed the lineIt's an annual tradition on Fat Tuesday for the parading organization Comic Cowboys to display humorous signs that make fun of politicians and social issues, bu
Read more »