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…
Traffic and Unjustified Subsidies Named as Reasons to Reject “Glenn-Dome” ALEXANDRIA, Va. – A poll of four neighborhoods located near the proposed “Glenn-Dome” entertainment district in Alexandria found that residents overwhelmingly reject the proposal and would not want to see it built. Over 58% of respondents oppose the arena, more than double the 28.57% who…
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…
At this point, state support for a Washington Wizards and Capitals move to Alexandria’s Potomac Yard is hanging on by a thread. It’s not completely dead despite Virginia’s Senate Finance and Appropriations Committee chair Sen. L. Louise Lucas said a proposal wouldn’t be brought up in her committee. Gov. Glenn Youngkin spoke on the proposed…
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…
The Coalition to Stop the Arena at Potomac Yard, along with the National Consumers League, Sports Fans Coalition, and Taxpayer Protection Alliance, sent a letter urging the Budget Conferees to oppose the inclusion of any language in the budget conference report that would result in a publicly-funded arena being built at Potomac Yard. The full…
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…
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…
Sen. L. Louise Lucas, who holds great sway in the General Assembly as chair of the Senate Finance & Appropriations Committee, first said over the weekend on social media that legislation underpinning the deal negotiated by Republican Gov. Glenn Youngkin was “not ready for prime time” and would not receive a hearing in her committee….
While the Senate version of the bill is still in the Senate Committee on Finance and Appropriations, the House version stipulates that a 15-member Virginia Stadium Authority board would be made up of: Read the article