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“We’re in this, because it’s not done.”
That was the message from D.C. Mayor Muriel Bowser following Wednesday morning’s news that Monumental Sports & Entertainment owner Ted Leonsis is planning to move the Washington Wizards and Capitals to Northern Virginia
At a press conference Wednesday afternoon, Bowser said her administration is still pushing its “best, final offer” to provide $500M over three years to revamp Capital One Arena in downtown D.C. Leonsis had reportedly requested $600M from the city for an $800M renovation.
“Monumental could have their dollars from the District as early as the spring,” Bowser said, adding some doubt about the financing behind the public-private partnership unveiled to much fanfare at a press conference in Virginia Wednesday morning.
“I’m not sure from what I heard this morning what the Virginia process is, but we expect that it will hit some snags,” she said at the John A. Wilson Building.
Bowser was joined by local leaders — including former Mayor Tony Williams, acting Deputy Mayor for Planning and Economic Development Nina Albert and council members — just a few hours after Leonsis announced his intent to move the teams to a planned $2B entertainment district in Alexandria’s Potomac Yard, part of the National Landing area.
