Author Topic: Caps and Wiz moving to Potomac Yards?  (Read 5716 times)

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Offline HalfSmokes

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Re: Caps and Wiz moving to Potomac Yards?
« Reply #350: March 10, 2024, 07:46:21 PM »
Who gets the rights to develop the sight? The group that doesn’t, isn’t going there

Offline Ali the Baseball Cat

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Re: Caps and Wiz moving to Potomac Yards?
« Reply #351: March 14, 2024, 11:14:09 AM »
Apparently the accountant is named Pollyanna and likes dropping ecstasy:

https://www.washingtonpost.com/dc-md-va/2024/03/14/virginia-arena-financial-economic-impact-youngkin/

Offline Natsinpwc

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Offline HalfSmokes

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Re: Caps and Wiz moving to Potomac Yards?
« Reply #353: March 14, 2024, 12:13:21 PM »
I think it's perfectly reasonably to assume $750 a night hotel rates in Potomac Yards

Offline imref

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Re: Caps and Wiz moving to Potomac Yards?
« Reply #354: March 14, 2024, 12:19:19 PM »
I think it's perfectly reasonably to assume $750 a night hotel rates in Potomac Yards
Last time I looked at a midweek room at MGM it was about $600 a night.

Offline HalfSmokes

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Re: Caps and Wiz moving to Potomac Yards?
« Reply #355: March 14, 2024, 12:41:40 PM »
Last time I looked at a midweek room at MGM it was about $600 a night.

With a casino. Crystal city, without a casino, is about $200 a night

Offline Five Banners

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Re: Caps and Wiz moving to Potomac Yards?
« Reply #356: March 15, 2024, 12:29:53 PM »
They’re finally kinda checking some numbers. Oops

https://www.washingtonpost.com/dc-md-va/2024/03/14/virginia-arena-financial-economic-impact-youngkin/?pwapi_token=eyJ0eXAiOiJKV1QiLCJhbGciOiJIUzI1NiJ9.eyJyZWFzb24iOiJnaWZ0IiwibmJmIjoxNzEwMzg4ODAwLCJpc3MiOiJzdWJzY3JpcHRpb25zIiwiZXhwIjoxNzExNzcxMTk5LCJpYXQiOjE3MTAzODg4MDAsImp0aSI6ImM2YTg4MzdlLTQ3MmMtNDllNy04Mjc2LTI0NDNmMzQ5YjE0MCIsInVybCI6Imh0dHBzOi8vd3d3Lndhc2hpbmd0b25wb3N0LmNvbS9kYy1tZC12YS8yMDI0LzAzLzE0L3ZpcmdpbmlhLWFyZW5hLWZpbmFuY2lhbC1lY29ub21pYy1pbXBhY3QteW91bmdraW4vIn0.hZc-9Og7HF_j6uz8ql1QPtaA8qz8f295JfV6Tseg3N4

“Yet the Feb. 28 analysis, conducted by the Maryland-based public finance consulting firm MuniCap Inc. and obtained by The Washington Post, discloses for the first time that the financing plan assumes thousands of fans will pay $75 for parking, the teams’ owner will host 53 more events annually in Alexandria than it did last year at its current D.C. arena, and a new luxury hotel will book rooms at a “historically unprecedented” rate of $731 a night.”

Offline varoadking

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Re: Caps and Wiz moving to Potomac Yards?
« Reply #357: March 15, 2024, 04:09:00 PM »
Who gets the rights to develop the sight? The group that doesn’t, isn’t going there

Joint ventures aren't all that unusual...

Offline HalfSmokes

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Re: Caps and Wiz moving to Potomac Yards?
« Reply #358: March 15, 2024, 04:42:07 PM »
Joint ventures aren't all that unusual...

In sports? Usually one group owns and the other rents from them. Both Ted and the commanders are going to want their separate pounds of flesh from tax payers. I don't see either agreeing to be second fiddle to the other at RFK

Offline varoadking

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Re: Caps and Wiz moving to Potomac Yards?
« Reply #359: March 15, 2024, 04:44:43 PM »
In sports? Usually one group owns and the other rents from them. Both Ted and the commanders are going to want their separate pounds of flesh from tax payers. I don't see either agreeing to be second fiddle to the other at RFK

Business is business...I don't know that sports makes any difference...plenty of teams with different owners share facilities in one fashion or another...

Offline Smithian

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Re: Caps and Wiz moving to Potomac Yards?
« Reply #360: March 18, 2024, 12:15:09 PM »
They’re finally kinda checking some numbers. Oops

https://www.washingtonpost.com/dc-md-va/2024/03/14/virginia-arena-financial-economic-impact-youngkin/?pwapi_token=eyJ0eXAiOiJKV1QiLCJhbGciOiJIUzI1NiJ9.eyJyZWFzb24iOiJnaWZ0IiwibmJmIjoxNzEwMzg4ODAwLCJpc3MiOiJzdWJzY3JpcHRpb25zIiwiZXhwIjoxNzExNzcxMTk5LCJpYXQiOjE3MTAzODg4MDAsImp0aSI6ImM2YTg4MzdlLTQ3MmMtNDllNy04Mjc2LTI0NDNmMzQ5YjE0MCIsInVybCI6Imh0dHBzOi8vd3d3Lndhc2hpbmd0b25wb3N0LmNvbS9kYy1tZC12YS8yMDI0LzAzLzE0L3ZpcmdpbmlhLWFyZW5hLWZpbmFuY2lhbC1lY29ub21pYy1pbXBhY3QteW91bmdraW4vIn0.hZc-9Og7HF_j6uz8ql1QPtaA8qz8f295JfV6Tseg3N4

“Yet the Feb. 28 analysis, conducted by the Maryland-based public finance consulting firm MuniCap Inc. and obtained by The Washington Post, discloses for the first time that the financing plan assumes thousands of fans will pay $75 for parking, the teams’ owner will host 53 more events annually in Alexandria than it did last year at its current D.C. arena, and a new luxury hotel will book rooms at a “historically unprecedented” rate of $731 a night.”
The Potomac Yard arena plan failure would be a win for Virginia and DC residents.

There' just no argument for this being good for anyone but Monumental. This project would be juicing growth in an area definitely not needing help and I don't think Virginians in the rest of the state will be exactly full of civic pride paying for this monstrosity in NoVa.

If I was Virginia, I'd get out of this horrible deal and instead go play footsie with the Nationals. Think long term.

Offline Five Banners

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Re: Caps and Wiz moving to Potomac Yards?
« Reply #361: March 20, 2024, 11:07:13 AM »
https://wtop.com/virginia/2024/03/only-on-wtop-va-state-senator-whos-blocked-alexandria-arena-plan-doubtful-compromise-can-be-reached/

Ralph Fox: “There’s been a lot of back and forth. Let’s start with what happened today. I understand you had a meeting with your folks and some folks from the house and the governor’s people as well.”

Sen. Lucas: “That is correct.”

“And then, of course, he wants to tie everything to the arena. And that’s a non-starter for me, because I still believe, I still contend that even if it’s a contingent backing of the state’s credit faith, it was a bridge too far for me, to put our bond rating at risk for the arena at Potomac Yards.”


Ralph Fox: “Now with the arena, obviously, you were on the committee there. And is there a path without your support to make it happen?

Sen. Lucas: “Without my support, I don’t think so. Because it still has to come through Finance, it still has to come through the Senate Finance Committee. And so I don’t know what the governor’s proposal entails. But the fact still remains that I’m not interested in seeing the arena in Northern Virginia. For one thing, the voters don’t want it. The residents of Alexandria, they don’t want it. And it’s not just people in Alexandria, in Northern Virginia, who are not in favor of this arena. It’s kind of like a statewide thing now. And with all of the information that I’ve had coming into me from other localities and other states, I can’t find anybody who can show me that having taxpayer dollars help construct, finance, any kind of sports arena has ever been a good deal for that locality. And so I’m just not willing to take that risk. We don’t want to put that burden on the hard working voters of Virginia.”


Ralph Fox: “You’ve been fairly expressive on social media with your displeasure for this arena. The “GlennDome,” I believe you’ve been referring to it as. Is there anything that’s missing, anything that people don’t know about that they should?”

Sen. Lucas: “I think most people know as much as they want, or need to know about a sports arena, and that is: to tie tax dollars to an arena that’s going to be to the benefit of billionaires is just a non-starter for most people.”

Offline imref

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Re: Caps and Wiz moving to Potomac Yards?
« Reply #362: March 20, 2024, 11:11:58 AM »
The current vice-mayor of Alexandria, and a candidate for Mayor, has announced her opposition to the arena project:

https://thezebra.org/2024/03/18/amy-jackson-opposes-alexandria-sports-arena-project/

Offline Five Banners

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Re: Caps and Wiz moving to Potomac Yards?
« Reply #363: March 20, 2024, 11:48:22 AM »
Why waste time with this at this point…

https://www.msn.com/en-us/news/politics/youngkin-and-lucas-still-at-odds-on-arena-and-virginia-budget-after-talks/ar-BB1kdVUW

“Prospects for a professional basketball and hockey arena in Alexandria seemed dimmer than ever Tuesday after Gov. Glenn Youngkin spoke with top budget officials from the House of Delegates and Senate, with the governor and lawmakers so far apart that some worry the entire state budget could be headed for a meltdown.”

“He brought up the arena again and I told him that was a nonstarter for me,” Lucas said. “I’m like cement. … Or since I grew up in the shipyard, I can say I’m like steel,” she said — remaining firm in her stance that issuing $1.5 billion in taxpayer-backed bonds to support construction of the project in Potomac Yard is not in the best interests of the state.”

“Youngkin could try to revive the arena proposal by sending down a budget amendment or stand-alone bill when the General Assembly returns April 17 to take up measures he vetoed or amended. Doing so could allow him to bypass Lucas’s powerful committee, where she was able to kill bills and budget amendments related to the arena during the regular legislative session.

“Told of Youngkin’s remarks, Lucas scoffed. “If he thinks he can do this without me he is sadly mistaken,” she said, adding, “I don’t believe he can get 21 votes in the Senate or 51 votes in the House.”

“In a separate interview, Torian said he, too, believes the arena would not get majority support in either chamber.”


Offline imref

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Re: Caps and Wiz moving to Potomac Yards?
« Reply #364: March 20, 2024, 12:40:55 PM »

Offline Five Banners

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Re: Caps and Wiz moving to Potomac Yards?
« Reply #365: March 20, 2024, 12:46:07 PM »
a new wrinkle:

https://www.thebaltimorebanner.com/sports/ted-leonsis-new-arena-virginia-dc-maryland-wes-moore-WKFAWJW6FZAJVDXYAF5BOL467A/

National Harbor could be a viable spot if they extend Metro to it.

One of the most traffic choked spots in the region with all the Maryland commuters heading back over the bridge, and needing a metro extension on a network that is barely functional now and was just talking about having to cut major service recently? How about DC where none of these things are needed?

Offline HalfSmokes

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Re: Caps and Wiz moving to Potomac Yards?
« Reply #366: March 20, 2024, 01:22:01 PM »
a new wrinkle:

https://www.thebaltimorebanner.com/sports/ted-leonsis-new-arena-virginia-dc-maryland-wes-moore-WKFAWJW6FZAJVDXYAF5BOL467A/

National Harbor could be a viable spot if they extend Metro to it.

If you want to see nova NIMBY, see what happens when the blue loop stretching through Anacostia down PG and then across the river becomes a realistic proposal

Offline Natsinpwc

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Re: Caps and Wiz moving to Potomac Yards?
« Reply #367: March 20, 2024, 01:55:25 PM »
Wouldn’t a metro line down there take like 10-15 years?  Doesn’t seem feasible now. 

Offline Natsinpwc

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Re: Caps and Wiz moving to Potomac Yards?
« Reply #368: March 20, 2024, 01:57:27 PM »
How about level Pentagon City Mall and the apartments around there.  And that park would be nice as a parking lot.  Metro station and two others close by. 

Offline HalfSmokes

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Re: Caps and Wiz moving to Potomac Yards?
« Reply #369: March 20, 2024, 01:57:52 PM »
Wouldn’t a metro line down there take like 10-15 years?  Doesn’t seem feasible now. 

15 years sounds optimistic considering how long the purple line is taking. The estimated price was $30-$35 billion, so add at least a zero to that.

https://wtop.com/local/2023/07/blue-loop-metro-eyes-possible-future-stops-in-georgetown-national-harbor/

Offline Natsinpwc

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Re: Caps and Wiz moving to Potomac Yards?
« Reply #370: March 20, 2024, 02:05:18 PM »
15 years sounds optimistic considering how long the purple line is taking. The estimated price was $30-$35 billion, so add at least a zero to that.

https://wtop.com/local/2023/07/blue-loop-metro-eyes-possible-future-stops-in-georgetown-national-harbor/
I don’t think Ted and Zack want to wait that long.  Seems to me they will end with an upgrade to the current Capital One arena.  Location is fine. 

Offline varoadking

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Re: Caps and Wiz moving to Potomac Yards?
« Reply #371: March 20, 2024, 04:55:08 PM »

What's extra satisfying about this being DOA is that Bettman was speaking at the All-Star Game about this new arena as though it was a done deal...


Offline GburgNatsFan

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Re: Caps and Wiz moving to Potomac Yards?
« Reply #372: March 20, 2024, 05:23:17 PM »
I don’t think Ted and Zack want to wait that long.  Seems to me they will end with an upgrade to the current Capital One arena.  Location is fine.

And then they'll claim that's what all this bother was about. They're slick businessmen and such nonsense.

Offline HalfSmokes

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Re: Caps and Wiz moving to Potomac Yards?
« Reply #373: March 20, 2024, 05:25:22 PM »
I don’t seem them staying unless they can bend over DC in negotiations. Even a crappy location with a billion in tax payer funding and ownership of an entertainment district is better than being a tenant at capital one

Offline varoadking

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Re: Caps and Wiz moving to Potomac Yards?
« Reply #374: March 20, 2024, 05:56:03 PM »
I don’t seem them staying unless they can bend over DC in negotiations. Even a crappy location with a billion in tax payer funding and ownership of an entertainment district is better than being a tenant at capital one

Tenant?  Ted is the majority owner of Capital One Arena...

DC should tell him to pound sand...