This is great to see. It would have been a disaster if the Capitals and Wizards moved to Virginia and left the 20,000 seat Capital One Arena mostly vacant aside from Mystics and Georgetown games.
Caps, Wizards will stay in D.C. under deal announced by Bowser, Leonsis
Washington Post
March 27, 2024
By Jonathan O’Connell
“D.C. Mayor Muriel E. Bowser and Ted Leonsis, owner of the Wizards and Capitals, signed a deal Wednesday that — if approved by the D.C. Council — would keep the teams in downtown D.C. until 2050, abruptly ending the owner’s planned move to Virginia.
Under the terms of the deal, D.C. will spend $515 million over three years to help Leonsis modernize the arena, and Leonsis will sign a new lease keeping the teams in D.C. for 25 more years.
The agreement includes other provisions that address some of Leonsis’s concerns about the state of downtown, which has struggled to recover from the pandemic, and allow his company, Monumental Sports & Entertainment, to expand in the city...”
https://www.washingtonpost.com/dc-md...is/?isMobile=1