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 the town have ended, and {that a} proposal to create a improvement district with a brand new enviornment for the 2 groups “won’t transfer ahead.” In a press release posted to its web site, the town of Alexandria expressed disappointment within the end result 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 maintain the groups in Washington at their present residence of Capital One Enviornment by means of 2050, per the Washington Publish. The report says that the town will present $515 million that may go to modernizing the present enviornment.
Simply months in the past, Leonsis introduced the potential plans that might transfer each groups to a brand new residence in Alexandria, half of a bigger $2.2 billion mixed-use improvement challenge.
“As stewards of the Metropolis’s financial well being and improvement, Metropolis leaders believed the Potomac Yard Leisure District alternative was worthy of group dialogue and Council consideration,” learn the 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 means 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 think about how a challenge of this scale might help our plans for progress 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 challenge.
