D.C. Mayor proposes $87.5M purchase of Capital One Arena for upgrades, lease to Monumental Sports until 2050.

D.C. Mayor Muriel Bowser has proposed a plan for the city to purchase Capital One Arena for $87.5 million, with plans for significant renovations costing $515 million. If approved, Monumental Sports would lease the arena until 2050, maintaining homes for the Washington Wizards and Capitals. The proposal aims to revitalize the area and enhance fan experiences, following the collapse of a potential relocation deal to Virginia.

October 21, 2024
13 Articles