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arena

The former Best Products property in Henrico County. Photo courtesy Henrico County
May 27, 2025

Henrico issues new RFI for arena project

Following the collapse of the $2.3 billion GreenCity project in March, Henrico County on Tuesday released a new request for interest for developers to submit plans for an arena-anchored development in the county's West End. 

Best Products property in Henrico County. Rendering courtesy GreenCity Partners LLC
Mar 27, 2025

Henrico to rebid arena project at former Best Products campus

Henrico County announced Thursday it is rebidding the development rights for the former Best Products headquarters campus, the site where the failed $2.3 billion GreenCity development had been planned. GreenCity officially met its demise after developers failed to make more than $5 million in overdue payments by a March 13 deadline, and the county said […]

Not with a bang, but a whimper
Jun 27, 2024

Not with a bang, but a whimper

This story has been updated since publication. Despite lofty promises from Democrats and Republicans, divided government in Richmond meant few wins or losses for either party during the 2024 General Assembly session — and few sweeping changes for Virginia in the year ahead. “The only thing that the legislature really did is the one thing […]

Todd Haymore. Photo by Mark Rhodes
May 5, 2024

Virginia’s fundamentals remain strong after unsuccessful arena competition

As Virginia celebrates Economic Development Week, there is no better time to recognize that when it comes to success in economic development, fundamentals matter most. Incentives, public sector support, personal connections and various intangibles — like, say, letting a CEO pick his favorite Grateful Dead concert to play during a recruitment dinner — can undoubtedly […]

Youngkin: Va. Senate making ‘colossal mistake’ in rejecting arena
Mar 28, 2024

Youngkin vetoes cannabis, minimum wage legislation

Virginia Gov. Glenn Youngkin vetoed legislation Thursday that would have put Virginia on the path to a $15 per hour minimum wage and set up a retail cannabis market, killing bills that were important to Democratic state legislators he blamed for torpedoing the $2 billion Alexandria sports arena deal he’d championed. Amid a deepening partisan […]

Youngkin: Va. Senate making ‘colossal mistake’ in rejecting arena
Mar 7, 2024

Youngkin: Va. Senate making ‘colossal mistake’ in rejecting arena

After news broke Wednesday that Virginia lawmakers had dropped all mention of the proposed Alexandria sports arena authority in their amended 2024-26 state budget, Gov. Glenn Youngkin responded Thursday by blasting the Democratic-controlled Virginia State Senate’s leadership, which has killed every opportunity for a floor vote on the arena legislation. “I believe the Senate is [&hellip[...]

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Feb 21, 2024

GMU report: Arena project would produce 5,400+ affordable housing units

Updated Feb. 22, 2024 A study conducted by George Mason University’s Center for Regional Analysis found that the proposed $2 billion Alexandria sports arena and entertainment district supported by Gov. Glenn Youngkin would create more than 5,400 workforce-affordable housing units, far exceeding the city’s goals. The report released this week was requested by JBG Smith […]

Wizards, Capitals plan Alexandria move in $2B deal
Dec 31, 2023

Wizards, Capitals plan Alexandria move in $2B deal

The Washington Capitals and Washington Wizards are planning a move to a new home in Alexandria in a $2 billion deal that would see the professional sports franchises exit Washington, D.C., by 2028, Virginia Gov. Glenn Youngkin announced Dec. 13, 2023. The nonbinding agreement to build a new arena for the Capitals and Wizards is […]

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Dec 13, 2023

Wizards, Capitals plan move to Alexandria in $2B deal

The Washington Capitals and Washington Wizards are planning a move across the Potomac River to a new home in Alexandria in a $2 billion deal that would see the professional sports franchises exit Washington, D.C., by 2028, Virginia Gov. Glenn Youngkin announced early Wednesday. The nonbinding agreement to build a new arena for the Capitals […]

ASM Global to develop, run GreenCity arena in Henrico
Aug 17, 2023

Henrico County, Markel|Eagle acquire land for GreenCity

Henrico County and an affiliate of Markel|Eagle Partners LLC came to an agreement Thursday to purchase the 110-acre Scott Farm property, which will be a key part of the $2.3 billion mixed-use GreenCity development, for $35.1 million. First proposed in December 2020, GreenCity plans to include what is billed as the nation’s greenest arena, with […]

ASM Global will operate an arena that will be the centerpiece of the planned $2.3 billion GreenCity project in Henrico. Rendering courtesy GreenCity Partners LLC
Mar 30, 2023

Wheels rolling on Henrico arena

Plans for a 17,000-seat arena in Henrico County are rolling forward, now with an international operator, ASM Global, on board. The centerpiece of the $2.3 billion GreenCity development, the venue is expected to be delivered in the third quarter of 2026. Although the project’s design is being finalized, developers say it will be the nation’s […]

ASM Global to develop, run GreenCity arena in Henrico
Feb 13, 2023

ASM Global to develop, run GreenCity arena in Henrico

ASM Global will develop and operate the 17,000-seat arena at Henrico County’s $2.3 billion GreenCity development, county officials announced Monday. Billed as what will be the nation’s greenest arena with net-zero energy impact, the venue is set to be part of a multiuse community with a focus on environmental sustainability at the intersection of Interstates […]

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