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December 12, 2023‘It’s Not Done’: Bowser Still Pushing To Keep Teams In D.C. But Voices Disappointment
December 17, 2023With Virginia lawmakers passing a plan Monday night to lure D.C.’s NBA and NHL teams across the river, leaders in D.C.’s commercial real estate industry say the city needs to put on a full-court press to keep the teams downtown.
The details of Virginia’s offer aren’t yet clear, as the plan was passed in a private session by a group of state legislators and still needs to be approved by the full General Assembly, The Washington Post reported. But the larger decision to come is from Ted Leonsis and Monumental Sports, the owner of the teams that will ultimately choose whether to move to Virginia or stay at Capital One Arena, the 26-year-old venue that has served as an anchor for the downtown economy.
Leonsis has asked D.C. for up to $600M in public funding to renovate Capital One Arena, The Washington Post reported last month. Mayor Muriel Bowser‘s administration hasn’t said how much it is willing to invest to keep the teams in D.C., but a spokesperson for the mayor’s office said the District has put forward a proposal.
“Mayor Bowser and Chairman Mendelson have worked together closely, and in lockstep, to put forward a strong proposal to Monumental Sports, and after several months of negotiations, we are committed to seeing this through as a vital component of DC’s Comeback,” the spokesperson said in a written statement.
Downtown DC BID CEO Gerren Price said in a statement that the more than 80 Wizards and Capitals games a year, plus concerts and other events, draw over 2 million people to the downtown area and “contribute greatly” to the downtown economy.