Monumental Sports & Entertainment plans to move the Washington Wizards and Capitals from D.C. to a new publicly financed arena in Potomac Yard that will anchor a $2 billion entertainment district, a huge win for Northern Virginia but a setback for efforts to revive downtown D.C.
“We want to build the most fan-friendly experience. When I saw the chance to build on 70 acres, with a clean slate, this place is one of a kind,” Monumental Chairman and CEO Ted Leonsis said Wednesday morning at a press conference with Virginia Gov. Glenn Youngkin and other state and local officials at the site of the new 20,000-seat arena in Alexandria.
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