Alexandria’s Ambitions for NHL and NBA Teams Frustrated by Political Obstacles: End of Negotiations with Washington Capitals and Washington Wizards

Wizards and Capitals to Remain in D.C. as Teams Strike New Deal Following Virginia Relocation Hurdle, Report Says

Alexandria, Virginia has recently announced that negotiations to bring the NHL’s Washington Capitals and the NBA’s Washington Wizards to the city have ended. A proposal to create a development district with a new arena for the teams will not move forward. The city expressed disappointment in the outcome of negotiations, which were hindered by the blocking of an incentive plan by Governor Glenn Youngkin in the state’s General Assembly.

In response to Alexandria’s announcement, it was reported that the Wizards and D.C. Mayor Muriel E. Bowser were finalizing a deal to keep the teams in Washington at Capital One Arena through 2050. The city will provide $515 million to modernize the current arena. Ted Leonsis had previously announced plans to relocate the teams to Alexandria as part of a larger mixed-use development project.

The city of Alexandria stated that they believed that the Potomac Yard Entertainment District opportunity was worth discussing and participating in good faith. They expressed disappointment in the outcome between Governor Youngkin and General Assembly members, despite substantial community engagement that informed negotiations and would have made the proposal better for their future.

Governor Youngkin mentioned that personal and political agendas drove away Alexandria’s project, leading to the end of negotiations. Despite this setback, Alexandria will continue to pursue economic opportunities with other communities to enhance their quality of life and economic health.

Alexandria, Virginia has recently announced that negotiations to bring the NHL’s Washington Capitals and the NBA’s Washington Wizards to the city have ended. A proposal to create a development district with a new arena for the teams will not move forward. The city expressed disappointment in the outcome of negotiations, which were hindered by the…

Leave a Reply