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 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…
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…
Senate Finance and Appropriations Chairwoman L. Louise Lucas (D-Portsmouth) said Youngkin’s remarks were just the latest misstep by the governor — “mistake No. 12,” she called it in a Capitol Square news conference — that she said has doomed the project. Soon after Youngkin’s team posted those remarks on social media Saturday, Lucas tweeted that she would…
It’s not personal – it’s just good business. Ted Leonsis plans to take the Capitals and Wizards out of Washington, but he says the future is bright and everyone is invited to Virginia. For the first time since announcing his intentions to move the Washington Wizards and Capitals out of D.C. across the river to…
Former Alexandria Vice Mayor Andrew Macdonald said more analysis as well as citizen input is needed before the $2 billion deal moves ahead. “Do not provide this funding,” Macdonald said. “At the very least, put it on hold and do some in-depth studies that make us feel like the project actually is based on something…
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
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…