The Monumental Arena proposal appears to be dead--City of AX withdraws

[spooky3]

Snip

“…Throughout this process, the City has been committed to ensuring that our role in this project not only added financial value but promised that our core values would remain an integral part of this opportunity. The City was adamant that any favorable consideration of the proposal included substantial and thoughtful improvements to the existing transportation system; included affordable housing; protect our stellar AAA bond rating; protect existing and future residents from financial risk; provided substantial future revenue for city and school services; protected existing neighborhoods; and provided quality jobs for our community. We are disappointed negotiations did not result in a proposal that protected our financial interests and respected these community values…”

Snip

https://www.alexandriava.gov/news-citywide/2024-03-27/city-of-alexandria-releases-statement-on-potomac-yard-entertainment

DC signs deal with Leonsis:

https://www.nbcwashington.com/news/local/northern-virginia/monumental-move-dead-caps-wizards-not-moving-to-alexandria/3577653/?amp=1

[IronLionZion]

1. Good decision

downtown DC is more centrally accessible for more area residents. And the local bars/restaurants near the arena depend on fans pre/post gaming.

DC needs to do something about crime but killing downtown's economy is not the answer.

[spooky3]

2. Agree. And Trumpkin and Leonsis really bungled the process.

They had not engaged the people most directly affected, and Dem legislators correctly noted the financial risks to taxpayers.

[smb]

3. Trumpkin Locked In The Failure...

...by throwing public hissy fits, insuring that there would be no possibility of making some kind of deal with the opposition.

[spooky3]

4. And today some of his vetoes were likely in retaliation. Nt