Through a unique public-private partnership, a new Virginia Sports and Entertainment Authority would issue bonds to support the $2 billion project. Importantly, the commonwealth is not committing any upfront dollars to the project and utilizing no existing tax revenues or creating new taxes, unlike other similar deals seen across the country.
A group of Virginia state lawmakers have teed up a vote to bring the Washington Wizards and Capitals across the Potomac River, two of those lawmakers tell.
Photo: JBG Smith Public-private partnership will feature global corporate headquarters for Monumental Sports & Entertainment, an industry-leading Arena .
The owner of the Washington Wizards and Capitals and Virginia's governor announced a plan Wednesday to partner on a deal that would send the teams across the.