"Capitals and Wizards Owners Seek Virginia Move, Propose Monumental Arena and Entertainment District"

Monumental Sports, the organization that owns the Washington Capitals and Washington Wizards, has announced plans to partner with the state of Virginia to create a new entertainment district in Alexandria, which would include a new arena for the Capitals and Wizards. The proposed relocation of the teams from D.C. to Virginia is expected to begin in 2028, pending final approval. The project, located near Amazon's HQ2 development and the Potomac Yard Metro station, aims to generate economic growth and create thousands of new jobs in the region.