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 growth district with a brand new enviornment for the 2 groups “is not going to transfer ahead.” In a press release posted to its web site, the town of Alexandria expressed disappointment within the final result of negotiations, which have been stymied after an incentive plan for engaging the Ted Leonsis-owned groups provided by Governor Glenn Youngkin was blocked by lawmakers within the state’s Normal 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 residence of Capital One Enviornment by 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 may transfer each groups to a brand new residence in Alexandria, half of a bigger $2.2 billion mixed-use growth venture.
“As stewards of the Metropolis’s financial well being and growth, Metropolis leaders believed the Potomac Yard Leisure District alternative was worthy of neighborhood 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 manner that preserved our integrity. We trusted this course of and are disillusioned in what occurred between the Governor and Normal Meeting.
“We engaged in substantial neighborhood engagement over the previous months that knowledgeable our negotiations and would have made the proposal even higher for our neighborhood. That continued dialog would have additionally allowed us to contemplate how a venture of this scale may help our plans for progress and our neighborhood’s future. … We’ll proceed to pursue financial alternatives that enhance our high quality of life and financial well being.”
Youngkin advised the Publish that “private and political agendas drove away” the Alexandria venture.
