"Washington D.C. Secures Deal to Keep Caps and Wizards in the City"

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Source: ESPN
"Washington D.C. Secures Deal to Keep Caps and Wizards in the City"
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TL;DR Summary

The NBA's Washington Wizards and NHL's Washington Capitals have reached a $515 million agreement with the District of Columbia to stay in the city through 2050, including an expansion of the arena complex, creation of an entertainment district, and safety and transportation upgrades. The deal comes after talks for a new arena in Virginia ended, with Virginia officials expressing disappointment and frustration. The agreement is expected to be passed by the District of Columbia's Council next week.

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