Monumental Sports to Partner with Virginia and Regional Leaders on a Proposed Business Expansion to Alexandria
WASHINGTON, Dec. 13, 2023 /PRNewswire/ -- Today, Monumental Sports & Entertainment's Founder, Chairman, Principal Partner, and CEO, Ted Leonsis, announced the company has reached a framework of an agreement for a public-private partnership to create a world-class Entertainment District in Alexandria at Potomac Yard, pending legislative approval and completion of definitive documents. This would relocate the NHL's Washington Capitals and the NBA's Washington Wizards' home arena to Virginia beginning in 2028, should the proposal become finalized.
- This would relocate the NHL's Washington Capitals and the NBA's Washington Wizards' home arena to Virginia beginning in 2028, should the proposal become finalized.
- This world-class Entertainment District is expected to serve as a catalyst to create exceptional experiences, uniting and fostering economic growth throughout the D.C., Maryland, and Virginia region.
- Monumental envisions Capital One Arena as maintaining its position as a vital and vibrant point of connection in downtown D.C.
- We believe this expansion would enable us to uphold our commitment to building an exceptional experience for our fans, employees, and partners."