Updated at 8:35 a.m. — It’s official.
Earlier: A big announcement about the Potomac Yard sports arena — possibly a new home to the Washington Capitals and Washington Wizards — could come tomorrow morning.
Virginia Gov. Glenn Youngkin will join Monumental Sports & Entertainment Chairman and CEO Ted Leonsis at an event tomorrow morning in Potomac Yard, the Washington Business Journal reported.
The Journal reported that negotiations are coming down to the wire, with D.C. still haggling over the stadium even as tents are being set up at 3405 Potomac Avenue.
The location of the meeting is directly adjacent to the Potomac Yard Metro station and near the under-construction Virginia Tech campus. Multiple members of Alexandria’s City Council have also confirmed that they will attend, including John Taylor Chapman, Alyia Gaskins and Canek Aguirre.
The Washington Post previously said reports indicate the Major Economic Investment (MEI) Project Approval Commission met on Monday and voted to approve a complex that was tantamount to a mini-city, with a music venue and hotel in addition to the sports center.
The construction and ownership of the stadium would be overseen by a new Virginia stadium authority to be leased to Monumental.
At 6:30 p.m., ESPN NBA Insider Adrian Wojnarowski posted on X that the event will “unveil plans for a proposed new arena complex and entertainment district for Wizards and NHL’s Capitals.”
ESPN Sources: Monumental Sports and Washington Wizards owner Ted Leonsis plans to join Virginia Gov. Glenn Youngkin in Alexandria, Va., for a news conference on Wednesday to unveil plans for a proposed new arena complex and entertainment district for Wizards and NHL’s Capitals.
— Adrian Wojnarowski (@wojespn) December 12, 2023
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