Hoping to reimagining Gallery Place and Chinatown into an entertainment district, DC's city council approved $515 million to help transform Capital One Stadium.
With the hopes of reimagining Gallery Place and Chinatown into an entertainment district, the Council of the District of Columbia approved $515 million in appropriations on Tuesday to help transform Capital One Arena. However, some councilmembers are wary after seeing MayorThe vote on the measure, made without the chance for public comment, came a day before Bowser finalized the city’s fiscal 2025 budget.
Some councilmembers worry the mayor conceded too much bargaining power over to Leonsis, whose plans to move the teams to Alexandria, Virginia, fell through. Some of the provisions, such as expediting MSE’s application for clean-energy renovation projects, could incur additional costs on top of the $515 million and cut into resources for a city program that subsidizes affordable housing projects.. “So every dollar we now are sending to Monumental for the arena is a dollar we’re not investing in affordable housing somewhere else.”
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