"Capital One Arena Secures Long-Term Deal to Retain Capitals and Wizards Until 2050"

Washington, D.C. has reached a $515 million deal to keep the Washington Capitals and Washington Wizards at Capital One Arena until 2050, following the collapse of negotiations in Virginia. The agreement, which still requires D.C. Council approval, includes renovations to the arena and surrounding area, with an additional $15 million for improvements to the alley connecting Gallery Place to the arena. The deal also involves bringing 17 dedicated officers around the arena and the ability to close off F Street two hours before games. The failed Virginia plan, championed by Governor Glenn Youngkin, faced Democratic opposition in the General Assembly and did not receive approval.