Negotiations on luring the Capitals and Wizards to northern Virginia have 'ended,' and the proposal to create a district with a new arena for the teams 'will not move forward,' the city of Alexandria said Wednesday.
to northern Virginia have"ended" and the proposal to create a development district with a new arena for the teams"will not move forward," the city of Alexandria said Wednesday.
The city said in a statement posted to its website that it was disappointed in the outcome. The development came after an incentive plan offered by Youngkin failed to gain traction in the Democratic-controlled General Assembly. Youngkin's press office had no immediate comment. A spokeswoman for the teams' parent company didn't respond to a request for comment.
Youngkin and other supporters said the development would generate tens of thousands of jobs, along with new tax revenues beyond what would have been needed to cover the financing.
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Talks on luring Capitals, Wizards to Virginia are overThe city of Alexandria says negotiations to lure the NHL’s Washington Capitals and NBA’s Washington Wizards to northern Virginia have “ended” and the proposal to create a development district with a new arena for the teams “will not move forward.” The city posted that announcement in statement on its website Wednesday.
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