June 13, 2024

Alexandria, Va. Mourns the End of Proposed Sports Arena Development Project due to Governor’s Blockage

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

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

Following 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.

Despite their disappointment in the outcome between Governor Youngkin and the General Assembly, Alexandria believed that Potomac Yard Entertainment District was worth discussing and participating in good faith. They engaged in substantial community engagement that informed negotiations and would have made the proposal better for their future quality of life and economic health.

Governor Youngkin mentioned that personal and political agendas drove away Alexandria project, leading to its end

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