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

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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.”

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

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  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)

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Please join us for Del Ray Kitchen Confidential – a walking tour of recently renovated kitchens in Del Ray with the experts who make the magic happen! FA Design Build owner Rob Menefee and Design Consultant Melissa Fielding walk us

Celtic Corridor in Concert at the Lyceum

Billy McComiskey, on button accordion, National Endowment for the Arts Heritage Award winner, All-Ireland Award winner, who has played with the Irish groups The Irish Tradition, Trian, and Green Fields of America. Billy’s playing is highly regarded as are his

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