Washington Wizards and Capitals announce plans to ditch DC and move to Virginia

Monumental Sports CEO Ted Leonsis, along with Gov. Glenn Youngkin (R-VA) and other Virginia leaders, announced plans for a new sports arena in the Potomac Yard neighborhood of Alexandria, Virginia, for the NBA's Washington Wizards and the NHL's Washington Capitals.

The $2 billion plan calls for a new arena, a 6,000-seat performing arts center, a practice facility for the Wizards, restaurants, hotels, and housing. The arena and entertainment district proposal was announced Wednesday at a press conference near the Potomac Yard Metro Station.

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