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Ted Leonsis

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 […]

Feb 12, 2024

Lucas: Alexandria arena deal is dead as far as she’s concerned

A bill that would establish a state authority for the proposed Alexandria basketball and hockey arena is not on the Virginia State Senate’s Finance and Appropriations Committee’s docket “because [Gov. Glenn Youngkin‘s] proposal is not ready for prime time,” wrote Sen. Louise Lucas, the committee’s powerful chair. According to a video released by Senate Majority [...]

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 […]

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