The Metropolis of Alexandria, Va. introduced Wednesday that negotiations geared toward luring the NHL’s Washington Capitals and the NBA’s Washington Wizards to relocate to town have ended, and {that a} proposal to create a growth district with a brand new enviornment for the 2 groups “is not going to transfer ahead.” In an announcement posted to its web site, town of Alexandria expressed disappointment within the consequence of negotiations, which have been stymied after an incentive plan for attractive the Ted Leonsis-owned groups supplied by Governor Glenn Youngkin was blocked by lawmakers within the state’s Basic Meeting.
Shortly after Alexandria made its announcement, the Wizards and D.C. Mayor Muriel E. Bowser have been reportedly finalizing a deal that may preserve the groups in Washington at their present dwelling of Capital One Enviornment via 2050, per the Washington Publish. The report says that town will present $515 million that may go to modernizing the present enviornment.
Simply months in the past, Leonsis introduced the potential plans that will transfer each groups to a brand new dwelling in Alexandria, half of a bigger $2.2 billion mixed-use growth undertaking.
“As stewards of the Metropolis’s financial well being and growth, Metropolis leaders believed the Potomac Yard Leisure District alternative was worthy of group dialogue and Council consideration,” learn town of Alexandria’s assertion. “We negotiated a framework for this chance in good religion and took part within the course of in Richmond in a method that preserved our integrity. We trusted this course of and are disenchanted in what occurred between the Governor and Basic Meeting.
“We engaged in substantial group engagement over the previous months that knowledgeable our negotiations and would have made the proposal even higher for our group. That continued dialog would have additionally allowed us to contemplate how a undertaking of this scale might assist our plans for development and our group’s future. … We are going to proceed to pursue financial alternatives that enhance our high quality of life and financial well being.”
Youngkin informed the Publish that “private and political agendas drove away” the Alexandria undertaking.
