Virginia officials ended negotiations Wednesday with project leaders behind a proposed move of the Washington Wizards and Capitals out of Washington, D.C.
Capital One Arena is shown before an NHL hockey game between the Washington Capitals and the New Jersey Devils, Tuesday, Feb. 20, 2024, in Washington. behind a proposed move of the Washington Wizards and Capitals to the other side of the Potomac following weeks of pushback from residents, lawmakers and labor unions.
the Associated Press. Hours before the announcement, Leonsis made numerous posts on X, formerly Twitter, about attendance numbers from recent events held at the facility., would have seen a roughly 70-acre, $2 billion investment into an area near Virginia Tech's currently under-construction innovation center and the Potomac Yard Metro Station.
The proposed arena was already hanging on by a thread thanks to Virginia state leaders failing to advance any form of public financial support to the project, though Virginia Governor Glenn Youngkin had promised to continue pushing for the project.. "This should have been our deal and our opportunity, all the General Assembly had to do was say: ‘thank you, Monumental, for wanting to come to Virginia and create $12 billion of economic investment, let’s work it out.
WJLA has reached out to Monumental Sports and Entertainment, the Office of the Washington Mayor, and city council members for a statement following this announcement.The City of Alexandria has ended negotiations related to the Potomac Yard Entertainment District opportunity and the proposal will not move forward.
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