Mayor Provides More Details On St. Elizabeths' Arena Plans

Mayor Bowser has submitted an agreement to the DC Council for the proposed Wizards practice facility at St. Elizabeths, and helped mark the occasion by doing a little demolition work.

The Mayor finalized the details on a $55M agreement between the District, Events DC, and Monumental Sports and Entertainment, the owners of the Washington Wizards, Capitals and Mystics. Prior to the submission, Mayor Bowser took part in a ceremonial demolition and actually jumped behind the controls of an excavator, helping to destroy two vacant buildings at the project site, the Washington Post reports.

Events DC and the District are on the hook for $27M and $23M, respectively, courtesy of taxpayer dollars, with Monumental picking up the tab for the balance. If approved, plans call for a 5,000-seat sports and entertainment venue that would be publicly owned and operated by Events DC. The arena would open in 2018 and serve as a practice facility for the Wizards and a home arena for the Mystics, as well as hosting other entertainment options.

The proposed facility has been met with a mix of excitement and concern from area residents, with the concerns leaning towards the project’s effects on housing prices, and whether promised jobs and training will come to fruition. [WaPo]

Continue reading this story with a free account

Log in or register
Sign up for more articles like this
Subscribe to Bisnow's Washington, D.C. Newsletters
Related Stories

Why Top-Secret Facilities Are Permeating Greater D.C.'s Office Market

Northern Virginia Office Tower Sells For Double Its 2024 Price

Design Plans Revealed For RFK Stadium Parking Garages, Headed To Review

Security Tech Firm Plans Loudoun HQ Move: The D.C. Deal Sheet

25 Years After 9/11, Lower Manhattan Is Finally Firing On All Cylinders

D.C. Investor Behind The Stacks Swaps CEO For First Time In 25 Years

Pennsylvania Avenue Office Sells For Repositioning: The D.C. Deal Sheet

Georgetown Waterfront Office-To-Condo Conversion Lands Financing

Westfield Montgomery Pays Off $350M Loan As New Retailers Expand In Mall

Tishman Misses Payment Deadline On $450M International Square Loan

Real Estate Firm Debuts With $126M Purchase Of Historic D.C. Building

Surging Costs Force Alexandria Developers To Shift Plans