Tentative Deal Reached for Wizards Practice Facility

Washington Wizards owner Ted Leonsis and Mayor Bowser have reached a tentative deal to build a new practice facility for the team and an arena for the Mystics. The $56.3M project would be on the east campus of the former St. Elizabeths hospital. The city plans to build and own the facility while team ownership will contribute $10M to the neighborhood, one of the poorest areas of DC. Plans call for a modern training center for the NBA club and a 5,000-seat arena for the Mystics. Events DC will contribute $32.5M to the project and manage the property. [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

Affinius Relinquishes Big Office Building Next To Capital One Arena

One Thomas Circle, The Elevated Workplace For The Way D.C. Works

DCHA Taps Executive Director: The D.C. Deal Sheet

The Multifamily Boom Is Putting HVAC Decisions Back In The Spotlight

Gould Starts $25M East End Office Renovation, Seeks Tenants For Top Floors

Elme Finishes Liquidating With 3 D.C.-Area Sales

What It Takes To Build For A Thriving Prince William County

INSIDE THE SPACE: 8821 Preston Ct., Jessup, Maryland

Robotaxi Firms Quietly Growing Real Estate Footprint, Even Where They're Not Yet Legal

Court-Appointed Receiver Takes Over Jemals' Historic Woodies Building

FOR LEASE: Maryland Industrial Property Offers Purposeful Design And A Desirable Location

Stockdale Sells MOBs For $98M: The D.C. Deal Sheet