Alexandria says Capitals, Wizards area deal is useless


The City of Alexandria says negotiations to carry the Washington Capitals and Wizards to Northern Virginia have ended and the world proposal won’t transfer ahead.


A photograph rendering of the Entertainment District at Potomac Yard, which would come with a brand new Capitals and Wizards area, a performing arts venue and an expanded esports facility. (Courtesy JBG Smith)

The City of Alexandria says negotiations to carry the Washington Capitals and Wizards to Northern Virginia have ended and the world proposal won’t transfer ahead.

The $2 billion plan for a sports activities and leisure complicated in Potomac Yard, championed by Gov. Glenn Youngkin bumped into bother within the Virginia General Assembly after Democratic opposition to the deal.

“As stewards of the City’s financial well being and growth, City leaders believed the Potomac Yard Entertainment District alternative was worthy of neighborhood dialogue and Council consideration. We negotiated a framework for this chance in good religion and took part within the course of in Richmond in a means that preserved our integrity,” the assertion kind the town stated. “We trusted this course of and are dissatisfied in what occurred between the Governor and General Assembly.”

Youngkin expressed his disappointment with the General Assembly for not agreeing to the deal to carry the Capitals and Wizards to Potomac Yard in a press release despatched to WTOP.

“Virginians deserve higher. A one-of-a-kind challenge bringing world-class athletes and leisure, creating 30,000 jobs and $12 billion in financial exercise simply went up in smoke. This transformational challenge would have pushed funding to each nook of the Commonwealth.” Youngkin stated. “I’d prefer to thank Ted Leonsis and the Monumental group, the City of Alexandria, JBG Smith and numerous different companions for his or her professionalism, perception in Virginia and fortitude.”

In December 2023, Monumental Sports & Entertainment managing companion Ted Leonsis together with Youngkin and Alexandria City Mayor Justin Wilson introduced their plans to carry the Capitals and Wizards to Potomac Yard with a brand new area and leisure district.

However, it had speedy opposition from residents and native officers. Earlier this month, Virginia lawmakers just lately permitted a two-year funds, which didn’t embrace Youngkin’s proposed area deal. State Sen. L. Louise Lucas strongly opposed the deal as a result of it will depend on bonds from the state and metropolis governments.

But Virginia State Sen. Scott Surovell instructed WTOP that the governor’s unwillingness to compromise was a problem.

“If Monumental and the governor had been keen to have a actual dialog about a means to get this completed, we may have been ready to discover a path to get this completed,” Surovell stated. “I’m hopeful the governor will chalk this up and listen and if there’s any extra alternatives like this he’ll carry us in so much earlier within the course of in order that we will have enter in it earlier than he signed any contracts or greets something.”

Monumental, Bowser anticipated to finalize deal to maintain Capitals, Wizards in DC

On Wednesday, the Washington Post reported that D.C. Mayor Muriel Bowser and Monumental Sports are anticipated to announce at a information convention that

 

This story is creating. Check again with WTOP for updates.

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