In Washington, D.C., a ceremonial event marked the kickoff of an ambitious $800 million renovation of the downtown arena owned by Capitals and Wizards proprietor Ted Leonsis. Dignitaries, including NBA Commissioner Adam Silver and D.C. Mayor Muriel Bowser, enthusiastically participated in the occasion by swinging sledgehammers at the site of what will eventually become a new atrium entrance.
The unveiling of project illustrations showcased the future look of Capital One Arena, which is anticipated to be completed in time for the 2027-28 NHL and NBA seasons. This celebratory moment comes amid political discussions on Capitol Hill regarding the District’s prospects of enticing the NFL’s Washington Commanders, particularly after a crucial provision to transfer land encompassing RFK Stadium to the District was eliminated from a recent Congressional funding bill, compelling the team to reassess their future plans.
In the lush surroundings of Chinatown, the atmosphere was vibrant with handshakes and expressions of joy, as efforts to retain the Capitals and Wizards have been underway for a considerable period. The retention of these teams stands as a noteworthy achievement for Bowser, as they had committed last spring to remain in the city through a $515 million publicly funded initiative, following the previously considered relocation across the Potomac to Virginia which ultimately faltered within that state’s legislative process.
Ward 2 Council member Brooke Pinto expressed her gratitude, stating, “I’ve got to say, what a difference a year makes. Ted Leonsis, thank you so much for believing in this city. … Thank you for your dedication to our city.”
Leonsis characterized the day as monumental for both the District and his company, Monumental Sports and Entertainment, which will be financing a significant portion of the renovation. He expressed optimism about the project’s potential to become a vibrant central hub within the capital, connecting various neighborhoods.
“When you see those signs, ‘Please excuse our dust,’ there’s going to be a lot of dust here,” Leonsis remarked. “This project is massive. It’ll probably take three seasons to do it, and it’s a significant, significant program. But after you see what we’re going to do for the players, the fans, and the city, it’ll be worth the wait.”
The renovation will occur in multiple phases over the next several years and will include significant enhancements such as expanding the size of locker rooms, constructing new suites, and adding various amenities. The arena originally opened its doors in December 1997.
Silver highlighted the broader implications of the investment, quoting, “This is nearly a billion-dollar investment for (players’) benefit and for the community’s benefit,” hinting at future anticipated events like All-Star Games. He noted that, as these premier entertainment venues become popular, the NHL and NBA will face increasing competition for scheduling, likely resulting in fewer game dates available each season.
