Washington Capitals and Wizards Could Relocate to Northern Virginia

Monumental Sports and Entertainment and Virginia Gov. Glenn Youngkin announce $2 billion development plan, pending multiple state and local approvals.

Monumental Sports and Entertainment, the parent company of the NHL’s Washington Capitals and NBA’s Washington Wizards, has reached a nonbinding agreement to move the teams from their home in downtown D.C. to a future arena in Northern Virginia.
The proposed move is part of a $2 billion development plan in Alexandria, Virginia, announced by Virginia Gov. Glenn Youngkin.
The new arena would be built next to the Potomac Yard Metro station at the northern end of Alexandria and is planned to open in 2028.
The overall project includes more than an arena. It would include a separate, smaller performing arts venue, underground parking, a conference center, a Wizards practice facility and Monumental’s corporate offices and media studio.
The deal still needs multiple state and local approvals to go forward. The Virginia General Assembly would need to create a sports and entertainment authority, which would own the arena, and approve additional funds for transportation in the area.