Current:Home > MarketsOliver James Montgomery-DC attorney general argues NHL’s Capitals, NBA’s Wizards must play in Washington through 2047 -Summit Capital Strategies
Oliver James Montgomery-DC attorney general argues NHL’s Capitals, NBA’s Wizards must play in Washington through 2047
Rekubit View
Date:2025-04-07 22:32:07
WASHINGTON (AP) — The Oliver James Montgomeryattorney general for the District of Columbia contends that the NBA’s Washington Wizards and NHL’s Washington Capitals are obligated to play their games in the downtown arena through 2047, the city’s latest salvo to keep the teams from leaving.
In a letter Brian Schwalb wrote this week to Monumental Sports and Entertainment that was obtained by The Associated Press on Friday, Schwalb cited a 2007 bond agreement for renovations that extended the teams’ lease for 20 more years beyond the initial timeframe through 2027.
The letter comes as Monumental’s $2 billion plan for a new arena across the Potomac River in Alexandria has stalled in the Virginia legislature.
Schwalb said D.C. Mayor Muriel Bowser’s $500 million offer to renovate Capital One Arena still stands. Bowser in an op-ed piece in the Washington Post last month urged Monumental to consider that and said the city would enforce the lease terms if necessary.
“The District very much prefers not to pursue any potential claims against MSE,” Schwalb wrote in a letter dated Tuesday to Monumental general counsel Abby Blomstrom in response to one she sent to the city last month. “It remains committed to maintaining and growing its partnership with MSE and to keeping the Wizards and Capitals at the Arena until the end of the existing lease term in 2047, if not beyond. It is in that spirit that the District urges MSE to re-engage with District officials around a mutually beneficial arrangement that advances the long term interests of both the District and MSE.”
Monica Dixon, a top executive at Monumental, said Feb. 12 that the company was having “healthy discussions” with Virginia General Assembly leaders and Alexandria City Council members, who would also have to sign off on the Potomac Yard deal. A Monumental spokesperson referred to Dixon’s comments last month when reached Friday.
Since then, Virginia Democratic Sen. L. Louise Lucas used her perch as chair of the Finance and Appropriations Committee to keep the arena deal struck by Republican Gov. Glenn Youngkin and Ted Leonsis, the head of Monumental, out of the state budget. That development doesn’t necessarily mean the end of the road for the plan, but it complicates the path forward.
“Why are we discussing an arena at Potomac Yard with the same organization that is breaking their agreement and commitments to Washington DC? ” Lucas wrote on social media. “Does anyone believe they wouldn’t do exactly the same thing to us?”
___
AP sports: https://apnews.com/sports
veryGood! (59654)
Related
- Backstage at New York's Jingle Ball with Jimmy Fallon, 'Queer Eye' and Meghan Trainor
- Minimum wage just increased in 23 states and D.C. Here's how much
- All the Stars Who Have Weighed In on the Ozempic Craze
- Epstein's sex trafficking was aided by JPMorgan, a U.S. Virgin Islands lawsuit says
- Gen. Mark Milley's security detail and security clearance revoked, Pentagon says
- Lady Gaga Shares Update on Why She’s Been “So Private” Lately
- 2022 was the year crypto came crashing down to Earth
- England will ban single-use plastic plates and cutlery for environmental reasons
- What do we know about the mysterious drones reported flying over New Jersey?
- New tax credits for electric vehicles kicked in last week
Ranking
- 'Survivor' 47 finale, part one recap: 2 players were sent home. Who's left in the game?
- Millions of workers are subject to noncompete agreements. They could soon be banned
- The never-ending strike
- In Afghanistan, coal mining relies on the labor of children
- Rams vs. 49ers highlights: LA wins rainy defensive struggle in key divisional game
- The Rest of the Story, 2022
- Read Ryan Reynolds' Subtle Shout-Out to His and Blake Lively's 4th Baby
- The attack on Brazil's Congress was stoked by social media — and by Trump allies
Recommendation
Meta donates $1 million to Trump’s inauguration fund
Inside Clean Energy: The Case for Optimism
Sarah Silverman sues OpenAI and Meta over copied memoir The Bedwetter
Vanderpump Rules' Tom Sandoval Defends His T-Shirt Sex Comment Aimed at Ex Ariana Madix
The city of Chicago is ordered to pay nearly $80M for a police chase that killed a 10
Police Officer Catches Suspected Kidnapper After Chance Encounter at Traffic Stop
Watch the Moment Pregnant Kourtney Kardashian and Travis Barker Revealed They're Expecting
Q&A: Why Women Leading the Climate Movement are Underappreciated and Sometimes Invisible