"Virginia Senate Democrats Deal Setback to Potomac Yard Arena Proposal"

Top Virginia Senate Democrats, led by Sen. L. Louise Lucas, have refused to advance legislation to facilitate the relocation of the NBA's Washington Wizards and NHL's Washington Capitals to northern Virginia, citing serious concerns about the financing of the proposed deal negotiated by Republican Gov. Glenn Youngkin. The decision effectively killed the Senate version of the legislation, but a bill is still progressing in the House of Delegates. The proposed deal involves the creation of a sports and entertainment authority to issue bonds for the project, but Senate Democrats are apprehensive about the use of moral obligation bonds backed by the state and Alexandria, potentially putting taxpayers at risk.