Rendering of the Potomac Yard Arena

Subsidies For Billionaire’s Sports Complex Concern Arlington Official

ByEditor

Before leaving his elected position at the end of 2023, Arlington County Board Chair Christian Dorsey gave a big thumbs-up to plans by the billionaire owner of the Washington Capitals and Wizards to use taxpayer subsidies to build a sports and entertainment complex in Potomac Yard in Alexandria, near the border with Arlington.

Sen. Barbara Favola is wary of providing state support for a Capitals and Wizards arena when education and other services are underfunded.

Read the article

Similar Posts

Coalition Statement on JBG Affordable Housing

Coalition Statement on JBG Affordable Housing

ByEditor

Stop the Arena Coalition Unimpressed with JBG Smith Announcement for Affordable Housing ALEXANDRIA, Va., — In response to news that Potomac Yard developer JBG Smith is doubling its commitment to identify and preserve affordable units, the Coalition to Stop the Arena at Potomac Yard (The Coalition) issued the following statement: It is important that JBG…

Stop the Arena Coalition Responds to Governor’s “Inaccurate and Misleading” Claims

Stop the Arena Coalition Responds to Governor’s “Inaccurate and Misleading” Claims

ByEditor

ALEXANDRIA, Va. – The Coalition to Stop the Arena at Potomac Yard today blasted as “inaccurate and misleading” Governor Youngkin’s claims about the proposed arena for the Washington Wizards and Washington Capitals at Potomac Yard. In a letter sent today to budget conferees in the General Assembly and the Governor, the group rebutted the points…

Virginia state senators cast doubt on passage of Alexandria arena legislation

Virginia state senators cast doubt on passage of Alexandria arena legislation

ByEditor

State Sen. Louise Lucas, D-Portsmouth, the chair of the Senate Finance Committee, pulled the bill from the committee’s Monday docket saying it “is not ready for prime time.” When asked on Monday if the arena legislation is dead, Lucas said: “As far as I am concerned, it is,” according to the Associated Press. Lucas and Senate…

Summary of Findings on the Arena revenue projections

Summary of Findings on the Arena revenue projections

ByEditor

MuniCap, Inc. Study In December 2023, the Commonwealth of Virginia retained MuniCap, Inc. to review projections of revenue prepared by HR&A Advisors. The revenues pertain to the proposed redevelopment of Potomac Yards (sic), which includes a new arena to host the NHL’s Capitals and the NBA’s Wizards, as proposed by Monumental Sports & Entertainment. Download…

Alexandria residents to protest Capitals, Wizards relocation over transit worries

Alexandria residents to protest Capitals, Wizards relocation over transit worries

ByEditor

The announcement took the DMV by storm, and it’s a huge project that comes with some major traffic concerns. Still, top of mind for many is how the area will handle traffic with only the Parkway and Route One being the primary routes in and out of the city. Mayor Wilson says not much parking…

Big step for Monumental move, but even supporters say ‘long way to go’

Big step for Monumental move, but even supporters say ‘long way to go’

ByEditor

Lawmakers on the Virginia House Appropriations Committee voted 17-3 to advance the measure, a top priority of Republican Gov. Glenn Youngkin, to the floor of the House of Delegates. Though the bill passed overwhelmingly, several senior Democratic legislators took care to say that their support for the measure at this point was in the interest…