The tangible acres development keep company behind an unsuccessful travail to bring a commercial message casino to Fairfax County in the Tysons area also failed to enticement billionaire Ted Leonsis to backing the initiative by offering the NBA Wizards and NHL Capitals proprietor a young arena.
Leonsis and Old Dominion Gov. John Herschel Glenn Jr. Youngkin (R) are candidacy to utilization taxpayer dollars to assist relocate the billionaire’s DC pro sports teams, which to boot includes the WNBA American capital Mystics, virtually five miles southward to Potomac Yard inwards Alexandria. The externalize is wildly unpopular among country residents, but Youngkin is urgent frontward inward what many political observers trust is the Republican’s conjure to make a legacy development.
The President Washington Charles William Post reported o'er the weekend that Anthony Comstock Companies and Senate Majority Leader Sir Walter Scott Surovell (D-Fairfax) offered Leonsis’ Monumental Sports & Entertainment a sports arena to live included in the Tysons gambling casino pitch.
As this [Potomac Yard] project has imploded inward the in conclusion triad weeks … I of the concepts that i floated was the possible action of meeting the scene of action with a Northern Old Dominion State cassino and using the cassino revenue enhancement revenue to backstop the bonds instead of the state’s superior general fund,” Surovell explained. “Monumental was not a fan, and that was the remnant of the conversation.”
The Potomac Yard Entertainment District is beingness proposed just now S of Ronald Reagan International Airport. The $2 1000000000 scheme includes a multi-use professional sports arena, exercise facilities, a performing arts center, and a media studio for Leonsis’ Monumental Sports Network.
DC for Alexandria
Leonsis is willing to depart the nation’s uppercase and his Capital One Arena inward favor of Potomac Yard. Youngkin is committed to helping Leonsis’ Monumental Sports & Entertainment undetermined a best-in-class complex.
DC urban center officials persist in to scuffle to proffer finances to improve Capital One Arena, a downtown locale east of the Elwyn Brooks White House. Leonsis owns the building though the city owns the dry land underneath it.
In December, District leaders, including Mayor Muriel Bowser (D), made an 11th-hour rake of $500 trillion for upgrades to the facility, but it wasn’t enough for Leonsis to flexure on Potomac River Yard.
Much of Alexandria, a wealthy main(a) city, is opposed to the project. Concerns cited include increased traffic to the already congested area, financial liabilities, and the environmental impact. One mathematical group opposed to the propose — “Stop the Arena” — also says taxpayer money shouldn’t live used to “heavily subsidise a billionaire.”
Casino Deal Breaker
Monica Dixon, the chairperson of extraneous affairs for Monumental, told the Post that Anthony Comstock and Surovell so reached out around considering an scene of action inward Tysons side by side(p) to a casino resort. She said it was a non-starter.
At no more time, get we ever so or would we ever so take operating alongside a casino, period,” Dixon said. “Our proposition inwards Alexandria at Potomac Yard provides our fans, players, employees, and the people of this realm the topper chance for winning teams and a great economic impact. While we are disappointed in how this has played out, we go for our proposal will capture a just hearing.”
The VA General Assembly left wing come out the $2 one million million Potomac River Yard project from the 2024-2026 biennium budget it passed lastly week. Youngkin is expected to ring a special session to nail down the disbursement blueprint, with the Potomac River Yard intrigue likely to obtain farther consideration.
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