Capitals, Wizards to remain at Capital One Arena as Potomac Yard proposal falls through

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WASHINGTON — Washington city officials and Ted Leonsis are preparing to formally announce that the Washington Capitals and Washington Wizards will remain at Capital One Arena instead of moving to Potomac Yard in Alexandria, Va., if approved by D.C. Council.

A source briefed on the agreement said city officials have committed to providing 12 additional full-time police officers around the arena on event nights.

Alexandria’s mayor said Tuesday afternoon that his city will no longer consider a proposal to bring the Capitals and Wizards to Potomac Yard.

“We are disappointed that this proposal was not able to be thoughtfully considered on its merits by legislators, stakeholders and ultimately now by our community and instead got caught up in partisan warfare in Richmond,” Alexandria mayor Justin M. Wilson said in a video statement posted to X.

“As a result, the city of Alexandria will no longer be considering the current proposal and will instead turn our focus to other efforts to bring quality commercial opportunities to the community in the future to both diversify our tax base and protect our quality of life.”

In December, Leonsis, who is the founder, chairman and CEO of Monumental Sports and Entertainment, Alexandria officials and Virginia Gov. Glenn Youngkin announced they had reached the “framework of an agreement” on a new entertainment district that, if approved by Virginia’s legislature, also would include a performing-arts venue, a new practice facility for the Wizards and a new studio for Monumental Sports Network.

But that plan encountered a roadblock in the Virginia Senate. L. Louise Lucas, the chairwoman of the Senate Finance and Appropriations Committee, is a key lawmaker who opposes the deal. Tuesday afternoon on X, Lucas posted, in part “we are celebrating in Virginia that we avoided the Monumental Disaster!”

In a statement, Youngkin said: “Virginians deserve better. A one-of-a-kind project bringing world-class athletes and entertainment, creating 30,000 jobs and $12 billion in economic activity just went up in smoke. This transformational project would have driven investment to every corner of the Commonwealth.”

A Monumental spokesperson did not immediately respond to a request for comment.

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(Photo: Patrick Smith / Getty Images)

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