Post Content

Notes: New analysis says Potomac Yard financial estimates based on unprecedented pricing

Good Monday morning, Alexandria!

☀️ Today’s weather: Expect mainly sunny skies with a high around 51 degrees and west winds blowing at 9 to 14 mph, gusting up to 23 mph. Tonight, mostly cloudy skies will gradually clear, as temperatures dip to around 34 degrees. The northwest winds will persist, blowing at 11 to 13 mph and gusting as high as 21 mph.

🚨 You need to know

Rendering of aerial view of Monumental Arena development (image courtesy of JBG SMITH)

A new analysis of the proposal to move the Washington Capitals and Wizards to Alexandria said that pitch came with some “aggressive assumptions” about unprecedented prices, the Washington Post reported last week.

The report by Maryland-based public financing consulting firm MuniCap Inc. has not been released to the public but was obtained by The Washington Post.

The report said the financing plan assumes unprecedented pricing: fans will pay $75 for parking and $731 per night at a new luxury hotel. The analysis said the financial projections also assume the new development will host 53 more events annually in Alexandria than was hosted at the D.C. arena.

The Washington Post reported that the analysts said while none of those assumptions are “inherently unreasonable” they can’t be characterized as “conservative.”

📈 Friday’s most read

The following are the most-read ALXnow articles for Mar 15, 2024.

  1. Windsor of Old Town closing this month after 43 years in Alexandria (1106 views)
  2. Notes: Conservative advocacy group targets ACPS tutoring site for ties to TikTok parent company (897 views)
  3. Milestone reached with 2.2-mile underground sewer tunnel completion in Old Town (556 views)

📅 Upcoming events

Here is what’s going on today in Alexandria, from our event calendar.

  • No events today. Have one to promote? Submit it to the calendar.

Recent Stories

Stunning reno w/resort like amenities on almost 1 acre w/4 car garage; 6BR-5.5BA

Two of Alexandria’s three Democrat mayoral candidates sparred onstage Tuesday night, expressing vastly different ideas on how they would manage city affairs. In the Alexandria Democratic Committee‘s debate hosted by…

If you’ve had trouble getting a spot at Thompson Italian in Old Town, you could be in luck soon. The acclaimed Italian restaurant could be getting a new third-floor expansion…

A new tour will bring locals on a tour around the ‘Lost Buildings’ around the historic Black neighborhoods of the Berg and Parker-Gray. The Berg is a neighborhood around North…

Potomac Harmony is Back! Following a gap year of competing, then virtual rehearsals during the pandemic, followed by the well-earned retirement of our long-term director, a year of a director search, Potomac Harmony hit the regional contest stage in Concord, North Carolina in March for the first time since 2018! It was exhilarating, reaffirming, and rewarding!

The chorus hit all of its goals, the biggest of which was to have fun and sing our best on contest stage — we did both! Because we earned a score over 400 points, our new Director, Allison Lynskey, was awarded the Novice Director award, photo above. Additionally, one of our charter members, Jackie Bottash, was nominated for and honored with the Leadership Excellence award. It was a celebratory weekend!

What’s next? So much! We now look forward to upcoming performances, growing our membership, and expanding our musical product with new arrangements and an education component each week. It’s an exciting time to be part of this ever-growing ensemble!

Read More

Submit your own Community Post here.

×

Subscribe to our mailing list