The deal to bring the Washington Capitals and Wizards to Alexandria’s Potomac Yard is officially dead, and the developer says suggestions that an arena could be built in Tysons instead were the final nail in the coffin.
Alexandria City officials revealed yesterday (Wednesday) that they had ended negotiations with developer JBG Smith, Wizards and Capitals owner Monumental Sports & Entertainment, and other stakeholders for a stadium in the proposed Potomac Yard Entertainment District. About an hour later, Monumental owner Ted Leonsis and D.C. Mayor Muriel Bowser announced that the two professional sports teams will stay at Capital One Arena in Chinatown after all.