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.
Stop the Arena Coalition Celebrates Omission of Potomac Yard Arena from Virginia Budget ALEXANDRIA, Va. – The Coalition to Stop the Arena at Potomac Yard (the Coalition) today applauded the Virginia General Assembly for keeping Governor Youngkin’s proposal to build an arena at Potomac Yard for Monumental Sports & Entertainment out of the state budget….
Youngkin said the revenue from the Potomac Yard arena could go back into transportation priorities like I-81, toll relief, and Metro funding. Youngkin had signaled interest in working with Northern Virginia to support Metro through a budget crisis, an outcome that is uncertain with the Potomac Yard arena bargaining chip off the table. “The Senate refused to…
A report suggests the Potomac Yard Metro station should get more fare gates and escalators if a proposed arena were to be built in the area. According to a transportation study commissioned by Virginia and released Thursday, an arena in Alexandria’s Potomac Yard neighborhood would generate more trips there during rush hour but would only exceed the…
Our survey from the morning of Thursday, Dec. 14, to noon on Monday, Dec. 18, drew more than 1,500 responses. Respondents ranged from Fredericksburg to Leesburg in Northern Virginia and Montgomery County to St. Mary’s County in Maryland. A significant share of respondents indicated they were from Alexandria, where the arena is proposed. We also…
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…
A coalition of residents and community members in Alexandria are banning together against the proposal to move the Washington Capitals and Wizards to Virginia. View Video