New details unveiled in D.C.'s deal to buy, renovate Capital One Arena
Six months since a deal was struck to keep the Capitals and Wizards in D.C., the modernization of Capital One Arena is now set to advance, with the city purchasing the venue and funding upgrades. Why it matters: The renovation will keep the teams in the District through at least 2050 and inject hope into downtown Washington as it continues to recover from the pandemic.
SEE IT: New legislation details vision for Capital One Arena redevelopment, investment
Monumental Sports & Entertainment CEO Ted Leonsis and D.C. Mayor Muriel Bowser announced new legislation Monday that would support a public-private partnership.
DC to Buy Capital One Arena as Part of $515 Million Renovation
More than six months after Mayor Muriel Bowser and Monumental Sports CEO Ted Leonsis struck a deal to keep the Washington Capitals and Wizards in DC, the full details of their agreement have been made public.
D.C. Mayor Muriel E. Bowser proposes legislation to buy Capital One Arena
Under the proposal, the city, which already owns the land under the arena, would buy the building for $87.5 million.
Capital One Arena Renovation Proposed by DC, Monumental
Monumental Sports & Entertainment and Washington, D.C., mayor Muriel Bowser announced that they will formally propose legislation to fund the renovation of Capital One Arena, the home of the Washington Wizards and Capitals.
Mayor Bowser proposes $87.5M purchase to revitalize Capital One Arena, Chinatown
D.C. Mayor Muriel Bowser and Chief Executive Officer of Monumental Sports & Entertainment (MSE) Ted Leonsis announced Monday that legislation was submitted to purchase Capital One Arena.
Breakfast links: Mayor Bowser proposes buying Capital One Arena
Mayor Bowser proposes buying Capital One Arena for $87.5 million. Poll: Almost three out of four Democrats in MoCo support zoning proposal to enable more housing. After public pushback, NPS pauses tree removal near GW Parkway.
Capital One Arena To Get Major Renovations As D.C. Passes New Legislation; Capitals Locker Room Will Be Redone
The renovations are expected to be done by the 2027-28 season for the Capitals, and will cost $800 million in total.
DC Mayor Bowser proposes $87.5 million purchase of Capital One Arena; project renderings released
Washington, D.C. Mayor Muriel Bowser has proposed legislation to purchase Capital One Arena for $87.5 million.
DC mayor proposes legislation to buy Capital One Arena for $87.5 million
D.C. Mayor Muriel Bowser has proposed legislation to buy Capital One Arena for $87.5 million after months of negotiations to keep the Washington Capitals and Wizards playing in the District. The $87.5 million is part of a $515 million deal to transform the downtown arena and the Gallery Place complex next door and keep the teams in D.
Touring with Ted: Monumental CEO showcases Harry Benson photos at Gallery Place exhibit
An art exhibit opening to the public Wednesday from former retail space at Gallery Place features candid shots of past ...
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D.C. Rejected Some of Ted Leonsis’ Requests for a Capital One Arena Deal. But the Billionaire Is Still Getting Plenty of City Money.
The District refused some of Ted Leonsis’ strangest asks as it struck a Capital One Arena deal to keep the Wizards and ...
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Gov. Glenn Youngkin signs Executive Order 41 to combat gang violence across Virginia
He has signed Executive Order 41, establishing a statewide gang and community violence prevention partnership and enforcement ...
Bowser, Leonsis announce massive Capital One Arena remodel, lease to keep teams in D.C. through 2050
D.C. Mayor Muriel Bowser and Ted Leonsis, the owner of the Washington Wizards and Capitals, announced plans Monday to ...
DC mayor's $87.5 million plan to keep the Wizards in the city
DC Mayor Muriel Bowser wants to keep the Wizards in Capital One Arena, and she's willing to shell out some serious cash to ...
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Municipalities wrestling with complex stadium and arena financing deals
Tapping public money streams to build stadiums and arenas for privately-owned sports teams is a thriving part of the ...