The Washington Wizards are not leaving the District of Columbia. Although Monumental Sports (a company run by Ted Leonsis and team owner) announced a plan to move to Alexandria (Virginia) in December, it has not gained traction politically and socially, even with proposals from unions in the area. This seems to have ruined the project once and for all.
Although the idea of the property was to build a new pavilion, in addition to an entertainment complex, Alexandria's refusal was so clear that it clarified through a press release that such a plan was outside its budget and that it put an end to negotiations on the deal that would have transferred the NHL's Wizards and Washington Capitals to Potomac Yard area.
With such a closed door, ever since Washington Post They explain that Leonsis and D.C. Mayor Muriel Bowser are finalizing an agreement that would confirm the Wizards and Capitals will remain at Capital One Arena through 2025.
The proposal, which must be approved by the City Council, estimates a $515 million investment to help Leonsis' efforts to modernize the pavilion and address some of his concerns regarding business growth and safety in the area. These terms are very similar to those rejected by the Wizards' owner himself in December 2023.
“We valued our conversations about how to grow together. Moreover, it has become very clear how our community feels about our teams,” says Bowser regarding the intention of keeping the aforementioned franchise in DC.
(Photo by Patrick Smith/Getty Images)
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