Wizards and Caps could be moving to Potomac Yard

[Anonymous]

I am normally a YIMBY, but these folks aren't wrong.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Some Virginia lawmakers are coming out against using taxpayer money to subsidize Leonsis

https://www.fox5dc.com/news/va-lawmakers-raise-red-flag-on-spending-state-money-on-new-wizards-capitals-arena

Never underestimate the power of NIMBY in Virginia

If it were just NIMBYs, it would be one thing. But the tax-payer ask here is off the charts. It is literally shifting money and resources from individuals to Ted's pocket with the taxpayers assuming all of the risk and living with the traffic nightmare reward.

Exactly this. Republicans always like to yammer about wealth redistribution. The thing about that is that wealth redistribution is real, but it's the exact opposite of what Republicans think it is, it's the wealthy extracting and concentrating more and more wealth at the expense of the rest of us.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Some Virginia lawmakers are coming out against using taxpayer money to subsidize Leonsis

https://www.fox5dc.com/news/va-lawmakers-raise-red-flag-on-spending-state-money-on-new-wizards-capitals-arena

Never underestimate the power of NIMBY in Virginia

If it were just NIMBYs, it would be one thing. But the tax-payer ask here is off the charts. It is literally shifting money and resources from individuals to Ted's pocket with the taxpayers assuming all of the risk and living with the traffic nightmare reward.

+1 million

[Anonymous]

Anonymous wrote:

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Anonymous wrote:

Anonymous wrote:This deal is not done, so DC has some hope. Lets pressure the Mayor and DC Council to move aggressively and quickly. Both are important.

Or they can sit back and let the Virginia House of Delegates reject a bad deal, and maybe have a staffer take Teddy’s call when he comes crawling back.

That is not likley if Alexandria is on board.

If I were an Alexandria taxpayer, I would be furious over this.

As an Alexandria taxpayer I like this. City of Alexandria needs to diversify its tax revenue and this will help. Original plans for Potomac Yard envisioned more office buildings in that section, but there’s little demand for new office space and Alexandria is leading the country in office to residential conversions. This whole entertainment district will generate a lot of tax revenue for Alexandria—much more than the empty lots that are currently there.

+1 And we need the money. More restaurants are closing and the associations have left. It’s nice to have to have a tax revenue stream coming from something other than real estate taxes.

The idea that this MD resident will head to PY to eat a meal or watch a performance is zero. I have been to National Harbour exactly once since its opening, as it has no attraction to me either. The good news of course is that I will have more money to spend because I will not be attending Caps games or an occasional Wizards games.

I hate to break it to you, but absolutely no one cares about Maryland. The days of MD & VA being on somewhat equal terms are long gone, and aren't coming back. VA is the economic engine driving the DMV. At this point, MD is just an unimportant suburb.

The I-270 corridor is huge in the biotech space. And of course all the major law firms and lobbying shops have their offices in downtown DC, not in VA, and if there are any industries that drive the bulk of the jobs in this area, it's law and politics.

I guess VA has Amazon, but I have no clue how that is an "economic engine" for this area. Also, I can also see a Microstrategy building when I make the mistake of going to Tysons mall, and I guess Microstrategy is all-in on crypto, which is an economic engine for nothing. Enjoy the hellscape of NoVA -- I have no clue why it is so ugly and what companies occupy all those ugly buildings, but you sure seem to enjoy it.

Several Biglaw firms have offices in Tyson’s when they also have offices in DC. Do they also have offices in Rockville off of 270, no.

I mean who cares. I have no clue which law firms you're referring to, but the biggest firms wouldn't risk having only a NoVA office. And by the way, firms like Hogan, Ballard, and DLA have Baltimore offices, which I'm sure allows them to capture clients from a variety of MD suburbs.

The point is, all the major law firms know that they need a DC address because having only a VA or MD address would make them irrelevant to lots of clients. NoVA is an economic engine for nothing. For example, government contractors might choose NoVA or the MD burbs because of proximity to DC and federal agencies, but that just shows that the economic engine is DC.

DP. There is a huge, non-defense tech/telecomm presence out along Dulles toll road.

That's great. There are companies in VA! And there are also companies in MD! And both jurisdictions would be in a world of trouble if every federal agency suddenly moved out of the area because the federal government is the economic engine for this area.

Amazon went to NoVA because that's where it got the biggest bribe, not because VA was somehow vastly superior to MD or DC. And back to the subject of this thread, the biggest bribe will also dictate where the sports teams go -- not some random joe schmoe on the internet who harbors illusions that VA is some great "economic engine."

Many of those companies don’t rely at all on the federal government. VA sucks in many ways but it does have the best economy & the most job opportunities in the area.

But agree that it’s irrelevant to this thread. VA taxpayers still don’t want to foot the bill for some rich mofo who is a buddy of the DB governor.

[Anonymous]

Anonymous wrote:

I am normally a YIMBY, but these folks aren't wrong.

hahahaha! Oh wow, I can't tell you how happy it makes me when a self-proclaimed YIMBY says they're upset by this. It's 1000% why I'm all the way in on the arena. Welcome to how change feels when it's actually your backyard.

[Anonymous]

Drove to Caps game last night from inner MD burbs. Left at 630 for 730 game. Arrived early. Was back at home by 11 pm, having watched the Caps prevail in OT. 4.5 hours. If Caps move to PY, 4.5 becomes 5.5 hours at best, with the end result that I will not be attending Caps games in PY.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:This deal is not done, so DC has some hope. Lets pressure the Mayor and DC Council to move aggressively and quickly. Both are important.

Or they can sit back and let the Virginia House of Delegates reject a bad deal, and maybe have a staffer take Teddy’s call when he comes crawling back.

That is not likley if Alexandria is on board.

If I were an Alexandria taxpayer, I would be furious over this.

As an Alexandria taxpayer I like this. City of Alexandria needs to diversify its tax revenue and this will help. Original plans for Potomac Yard envisioned more office buildings in that section, but there’s little demand for new office space and Alexandria is leading the country in office to residential conversions. This whole entertainment district will generate a lot of tax revenue for Alexandria—much more than the empty lots that are currently there.

+1 And we need the money. More restaurants are closing and the associations have left. It’s nice to have to have a tax revenue stream coming from something other than real estate taxes.

The idea that this MD resident will head to PY to eat a meal or watch a performance is zero. I have been to National Harbour exactly once since its opening, as it has no attraction to me either. The good news of course is that I will have more money to spend because I will not be attending Caps games or an occasional Wizards games.

I hate to break it to you, but absolutely no one cares about Maryland. The days of MD & VA being on somewhat equal terms are long gone, and aren't coming back. VA is the economic engine driving the DMV. At this point, MD is just an unimportant suburb.

The I-270 corridor is huge in the biotech space. And of course all the major law firms and lobbying shops have their offices in downtown DC, not in VA, and if there are any industries that drive the bulk of the jobs in this area, it's law and politics.

I guess VA has Amazon, but I have no clue how that is an "economic engine" for this area. Also, I can also see a Microstrategy building when I make the mistake of going to Tysons mall, and I guess Microstrategy is all-in on crypto, which is an economic engine for nothing. Enjoy the hellscape of NoVA -- I have no clue why it is so ugly and what companies occupy all those ugly buildings, but you sure seem to enjoy it.

Several Biglaw firms have offices in Tyson’s when they also have offices in DC. Do they also have offices in Rockville off of 270, no.

I mean who cares. I have no clue which law firms you're referring to, but the biggest firms wouldn't risk having only a NoVA office. And by the way, firms like Hogan, Ballard, and DLA have Baltimore offices, which I'm sure allows them to capture clients from a variety of MD suburbs.

The point is, all the major law firms know that they need a DC address because having only a VA or MD address would make them irrelevant to lots of clients. NoVA is an economic engine for nothing. For example, government contractors might choose NoVA or the MD burbs because of proximity to DC and federal agencies, but that just shows that the economic engine is DC.

DP. There is a huge, non-defense tech/telecomm presence out along Dulles toll road.

Not “is” — “Was” … 20 years ago. Now Northern Virginia’s tech sector consists of mostly warehouse-style data centers full of racks but no employees.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:This deal is not done, so DC has some hope. Lets pressure the Mayor and DC Council to move aggressively and quickly. Both are important.

Or they can sit back and let the Virginia House of Delegates reject a bad deal, and maybe have a staffer take Teddy’s call when he comes crawling back.

That is not likley if Alexandria is on board.

If I were an Alexandria taxpayer, I would be furious over this.

As an Alexandria taxpayer I like this. City of Alexandria needs to diversify its tax revenue and this will help. Original plans for Potomac Yard envisioned more office buildings in that section, but there’s little demand for new office space and Alexandria is leading the country in office to residential conversions. This whole entertainment district will generate a lot of tax revenue for Alexandria—much more than the empty lots that are currently there.

+1 And we need the money. More restaurants are closing and the associations have left. It’s nice to have to have a tax revenue stream coming from something other than real estate taxes.

The idea that this MD resident will head to PY to eat a meal or watch a performance is zero. I have been to National Harbour exactly once since its opening, as it has no attraction to me either. The good news of course is that I will have more money to spend because I will not be attending Caps games or an occasional Wizards games.

I hate to break it to you, but absolutely no one cares about Maryland. The days of MD & VA being on somewhat equal terms are long gone, and aren't coming back. VA is the economic engine driving the DMV. At this point, MD is just an unimportant suburb.

The I-270 corridor is huge in the biotech space. And of course all the major law firms and lobbying shops have their offices in downtown DC, not in VA, and if there are any industries that drive the bulk of the jobs in this area, it's law and politics.

I guess VA has Amazon, but I have no clue how that is an "economic engine" for this area. Also, I can also see a Microstrategy building when I make the mistake of going to Tysons mall, and I guess Microstrategy is all-in on crypto, which is an economic engine for nothing. Enjoy the hellscape of NoVA -- I have no clue why it is so ugly and what companies occupy all those ugly buildings, but you sure seem to enjoy it.

Uh yeah, Great Falls, Old Town Alexandria, Shenandoah National Park ...they sure can't compare to anything in Silver Spring. And economically? C'mon man. Look where Metro has been expanding: the Silver Line. When MD made a huge play for Amazon, they chose VA. You may not like Northern Virginia, but don't spout nonsense.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:This deal is not done, so DC has some hope. Lets pressure the Mayor and DC Council to move aggressively and quickly. Both are important.

Or they can sit back and let the Virginia House of Delegates reject a bad deal, and maybe have a staffer take Teddy’s call when he comes crawling back.

That is not likley if Alexandria is on board.

If I were an Alexandria taxpayer, I would be furious over this.

As an Alexandria taxpayer I like this. City of Alexandria needs to diversify its tax revenue and this will help. Original plans for Potomac Yard envisioned more office buildings in that section, but there’s little demand for new office space and Alexandria is leading the country in office to residential conversions. This whole entertainment district will generate a lot of tax revenue for Alexandria—much more than the empty lots that are currently there.

+1 And we need the money. More restaurants are closing and the associations have left. It’s nice to have to have a tax revenue stream coming from something other than real estate taxes.

The idea that this MD resident will head to PY to eat a meal or watch a performance is zero. I have been to National Harbour exactly once since its opening, as it has no attraction to me either. The good news of course is that I will have more money to spend because I will not be attending Caps games or an occasional Wizards games.

I hate to break it to you, but absolutely no one cares about Maryland. The days of MD & VA being on somewhat equal terms are long gone, and aren't coming back. VA is the economic engine driving the DMV. At this point, MD is just an unimportant suburb.

The I-270 corridor is huge in the biotech space. And of course all the major law firms and lobbying shops have their offices in downtown DC, not in VA, and if there are any industries that drive the bulk of the jobs in this area, it's law and politics.

I guess VA has Amazon, but I have no clue how that is an "economic engine" for this area. Also, I can also see a Microstrategy building when I make the mistake of going to Tysons mall, and I guess Microstrategy is all-in on crypto, which is an economic engine for nothing. Enjoy the hellscape of NoVA -- I have no clue why it is so ugly and what companies occupy all those ugly buildings, but you sure seem to enjoy it.

Several Biglaw firms have offices in Tyson’s when they also have offices in DC. Do they also have offices in Rockville off of 270, no.

I mean who cares. I have no clue which law firms you're referring to, but the biggest firms wouldn't risk having only a NoVA office. And by the way, firms like Hogan, Ballard, and DLA have Baltimore offices, which I'm sure allows them to capture clients from a variety of MD suburbs.

The point is, all the major law firms know that they need a DC address because having only a VA or MD address would make them irrelevant to lots of clients. NoVA is an economic engine for nothing. For example, government contractors might choose NoVA or the MD burbs because of proximity to DC and federal agencies, but that just shows that the economic engine is DC.

DP. There is a huge, non-defense tech/telecomm presence out along Dulles toll road.

That's great. There are companies in VA! And there are also companies in MD! And both jurisdictions would be in a world of trouble if every federal agency suddenly moved out of the area because the federal government is the economic engine for this area.

Amazon went to NoVA because that's where it got the biggest bribe, not because VA was somehow vastly superior to MD or DC. And back to the subject of this thread, the biggest bribe will also dictate where the sports teams go -- not some random joe schmoe on the internet who harbors illusions that VA is some great "economic engine."

Calling someone a "random Joe Schmoe" while anonymously posting on an open public forum? That may be the greatest example of a lack of self awareness I've seen.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

I am normally a YIMBY, but these folks aren't wrong.

hahahaha! Oh wow, I can't tell you how happy it makes me when a self-proclaimed YIMBY says they're upset by this. It's 1000% why I'm all the way in on the arena. Welcome to how change feels when it's actually your backyard.

Seems like you don’t understand what YIMBY means.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

I am normally a YIMBY, but these folks aren't wrong.

hahahaha! Oh wow, I can't tell you how happy it makes me when a self-proclaimed YIMBY says they're upset by this. It's 1000% why I'm all the way in on the arena. Welcome to how change feels when it's actually your backyard.

Seems like you don’t understand what YIMBY means.

Most YIMBY are YIMNBY, Yes In My Neighbor's Yard.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

I am normally a YIMBY, but these folks aren't wrong.

hahahaha! Oh wow, I can't tell you how happy it makes me when a self-proclaimed YIMBY says they're upset by this. It's 1000% why I'm all the way in on the arena. Welcome to how change feels when it's actually your backyard.

Seems like you don’t understand what YIMBY means.

Most YIMBY are YIMNBY, Yes In My Neighbor's Yard.

But not a nearby neighbor.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

I am normally a YIMBY, but these folks aren't wrong.

hahahaha! Oh wow, I can't tell you how happy it makes me when a self-proclaimed YIMBY says they're upset by this. It's 1000% why I'm all the way in on the arena. Welcome to how change feels when it's actually your backyard.

Seems like you don’t understand what YIMBY means.

Most YIMBY are YIMNBY, Yes In My Neighbor's Yard.

So not a YIMBY.

[Anonymous]

Anonymous wrote:Drove to Caps game last night from inner MD burbs. Left at 630 for 730 game. Arrived early. Was back at home by 11 pm, having watched the Caps prevail in OT. 4.5 hours. If Caps move to PY, 4.5 becomes 5.5 hours at best, with the end result that I will not be attending Caps games in PY.

Guess VA will have to do without those inner MD dollars! Enjoy those Bethesda restaurants then.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Drove to Caps game last night from inner MD burbs. Left at 630 for 730 game. Arrived early. Was back at home by 11 pm, having watched the Caps prevail in OT. 4.5 hours. If Caps move to PY, 4.5 becomes 5.5 hours at best, with the end result that I will not be attending Caps games in PY.

Guess VA will have to do without those inner MD dollars! Enjoy those Bethesda restaurants then.

If you think the team will sell enough tickets just from people who live in Alexandria, Potomac Yards, Del Ray and Pentagon City, you will be in for a surprise when the debt service on the bonds that comes from ticket sales and concession taxes doesn't cover the nut and taxpayers are left holding the bag.