Post Content

Mayor: Potomac Yard arena deal needs renovation fund to keep facility updated

Rendering of concert venue at Monumental Arena development (image courtesy of JBG SMITH)

If Alexandria’s tentative deal to see a sports arena and entertainment district built in north Potomac Yard, it must include a rehabilitation and renovation fund, Mayor Justin Wilson said Monday night.

Wilson told the Alexandria Democratic Committee that the agreement, which is still in its initial planning stages with Monumental Sports, needs a funding source to account for the wear and tear that time and throngs of annual visitors will have on the arena and numerous planned amenities. The renovation fund is included in Alexandria’s deal with Monumental Sports.

Wilson said that no such rehabilitation and renovation fund was included in D.C.’s deal with Monumental Sports when the Capital One Arena in D.C. opened in 1997. He also said that it was no accident that D.C. recently approved a fund to maintain Nationals Park.

“I’ve gotten a lot of emails about a lot of bad sports deals around the country, and I think we have tried to use those as a lesson,” Wilson said. “One of the things that I think we’ve tried to learn really from some sports deals here in this region is first of all, obviously having a long term lease, having relocation provisions that prevent the team from going away.”

Wilson said one of the lessons is not repeating the Capital One Arena mistake.

“What happened in Capital One, which open the year I graduated high school, and I’m not that old, was that there was never any funding source or funding plan for how to renovate and rehabilitate an arena over time,” Wilson said.

On transportation, Wilson said congestion at the arena will be lessened by patrons using thousands of available parking spaces at neighboring Metro station parking lots and arriving via Metro and shuttle buses.

The deal is projected to generate 30,000 jobs in Alexandria, as well as bring in the Monumental Sports headquarters with about 600 professional employees, the arena itself that would house the Washington Wizards and Washington Capitals, a practice facility, concert venue, television studios, hotels and apartments.

“A big part of the vision is how to use those spaces as a way to get people into the area and then use transit in different ways to get people on to the site for events,” he said. “We’ll have a lot more planning to go as we as we determine whether this use is compatible.”

Wilson also said that one of the advantages of the arena property being owned by the Virginia Stadium Authority is that if the teams decide to relocate at the end of the 40-year lease, the facility would be owned by the city.

“We could knock down and build something else,” Wilson said. “We would have the resources as well as the ownership and control of the property to be able to do what the community would like to do.”

Recent Stories

Virginia’s dual presidential primary is Tuesday, March 5. Here’s what you need to know about Super Tuesday in Alexandria. Polls open at 6 a.m. and close at 7 p.m. Unofficial…

A new conversion from an office to a ‘luxury rental development’ has broken ground in Old Town. American Real Estate Partners (AREP) is converting the 200,000-square-foot office building at 1101…

Good Friday morning, Alexandria! ⛈️ Today’s weather: Mostly sunny, with a high near 54, but rain tonight after 10 p.m. and a low around 42. Rain tomorrow as well, mainly before 1…

Gorgeous 1BR/1BA with stainless steel appliances and huge balcony

Dreaming of small-town charm with big-city convenience? Look no further than 7156 Main St in Clifton, Virginia! Nestled just 30 miles from the heart of Washington D.C., this picturesque property offers the best of both worlds.

Escape the hustle and bustle of the city to find tranquility in this quaint, historic town. With its tree-lined streets and friendly community atmosphere, Clifton is the perfect place to call home. Yet, with its close proximity to the nation’s capital, you’ll never be far from the excitement and opportunities of urban living.

Imagine weekends exploring local shops, dining at charming cafes, and enjoying outdoor adventures in nearby parks. Then, commute to D.C. for work or play, soaking in all the culture, entertainment, and career opportunities the city has to offer.

Read More

Submit your own Community Post here.

Are you looking to work on health and fitness from the comfort of your own home?

Skip the big box gym and try out our in-home personal training service. We bring the gym to you so that you can save time and avoid the hassle of going the the crowded gym.

We bring all the equipment you need for a solid workout and if you have a community gym we can use that too.

We offer programs that will help with weight loss, strength, flexibility, more energy and overall feeling better.

Read More

Submit your own Community Post here.

×

Subscribe to our mailing list