https://www.washingtonpost.com/dc-md-va/2023/12/13/capitals-wizards-move-alexandria-potomac-yard/So, from the sketches in the article, it looks like the arena will be north of Potomac Ave (river side), east of the VaTech campus and the intersection of Reed and Potomac, built over the space heading towards East Glebe. Future development over the strip mall and parking lot. While Monumental gets to develop the land by the metro, JBG Smith retains the rights to develop the strip mall area.
As envisioned, Monumental’s facility would anchor a 12-acre mixed-use development in the heart of that area, part of a tentative agreement still subject to multiple state and local approvals. If Monumental ultimately moves to Virginia, it would mark a major economic development win for Youngkin and deal a blow to D.C.’s struggling downtown. The transition could also ease the path for Leonsis to take the company public, a possibility he has openly discussed.
Looks like there's still a say for Alexandria.
It is unclear how much of a hurdle that will be in the General Assembly and in Alexandria City Council, though the proposal has already generated significant concerns from neighbors with questions about potential flooding and traffic impacts.
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Two people familiar with Virginia’s proposal said it includes about $200 million for transportation improvements to support the new arena, and conversations are underway about expanding capacity at the Potomac Yard Metro station, potentially including adding a ramp that would connect the station directly to the proposed arena.
Youngkin already pitching several Ds in the state senate and house on the deal.
Several prominent Democratic state lawmakers declined to comment on the project Tuesday, saying they wanted to wait until Youngkin formally unveils it. But the few who spoke signaled they were not yet on board.
“I’ve been told this deal will use no state $$ & no impact on debt capacity of the City of Alex or Virginia. Obviously this is a trust but verify situation, needs to be a true win-win to earn my support,” Del. Marcus Simon (D-Fairfax) wrote on X, formerly Twitter.
