Washington’s NBA, NHL Teams to Get New Arena in $2 Billion Deal

Two professional sports teams in the nation’s capital — basketball’s Washington Wizards and hockey’s Washington Capitals — would move across the Potomac to Virginia at a proposed $2 billion sports and entertainment district that Virginia Governor Glenn Youngkin and the teams’ owners announced Wednesday.

The plan calls for a new arena and offices for Monumental Sports & Entertainment in Alexandria’s Potomac Yard neighborhood, as well as a performing arts center, a convention center, a sports media center, hotels and retail and residential space. JBG Smith would develop the district, Youngkin said in a statement.