Alexandria, Virginia has announced the end of negotiations to bring the NHL’s Washington Capitals and the NBA’s Washington Wizards to the city along with a proposal to create a development district with a new arena for the two teams. Unfortunately, the proposal will not move forward due to the failure of a stimulus plan offered by Gov. Glenn Youngkin that was blocked by lawmakers in the state General Assembly. The city expressed disappointment in the outcome, as they believed the opportunity in the Potomac Yard Entertainment District was worth considering.

After Alexandria’s announcement, it was reported that the Washington Wizards and DC Mayor Muriel E. Bowser had finalized a deal to keep the teams in Washington at Capital One Arena until 2050. The city plans to provide $515 million to modernize the existing arena. The decision to stay in Washington contradicted previous plans by Ted Leonsis to move both teams to a new home in Alexandria as part of a $2.2 billion mixed-use development project.

The City of Alexandria has engaged in significant community engagement over the past several months to inform the negotiations and refine their proposal for residents. They trusted

By Samantha Johnson

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