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DC Council approves $515M to buy and renovate Capital One Arena, securing teams until 2050.
The DC Council has approved a $515 million investment to buy and renovate Capital One Arena, with Monumental Sports & Entertainment contributing at least $285 million.
This ensures the Washington Capitals and Wizards stay in downtown DC until at least 2050.
The project aims to create nearly 5,000 jobs and generate $21 million in new tax revenue over three years.
The council also approved funding for upgrades to the Nationals' stadium.
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DC Council aprueba $515M para comprar y renovar Capital One Arena, asegurando equipos hasta 2050.