The process of moving D.C.’s NHL and NBA teams across the river to Virginia has taken a key step forward.
On Friday, two of Virginia’s Democratic lawmakers introduced legislation to facilitate funding for the proposed $2B entertainment district, set to house the Washington Capitals and Wizards beginning in 2028
Approval from the General Assembly is one of the remaining hurdles that must be crossed to advance the massive mixed-use development proposed for Alexandria’s Potomac Yard. Monumental Sports & Entertainment CEO Ted Leonsis announced the public-private partnership in mid-December, but it isn’t a done deal without approved funding from the state.
The proposed legislation on Friday lays out the path to fund the project using state bonds, and it creates a new authority to facilitate them.
Meanwhile, shortly after the legislation was posted online Friday, Virginia Gov. Glenn Youngkin took another step toward aligning the pieces of the proposed entertainment district by signaling support for increased funding for the Metro system, the Washington Post reported,
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