Wizards and Caps could be moving to Potomac Yard

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:If DC (and MD for that matter) just made their tax policy competitive with VA, it would be a different story.

Safety is easy, Leonsis could hire a private security team outside Cap One if he was treated fairly from a tax standpoint.

MD and DC are going to continue to spiral until they get competitive.

I live in MD making about 750k. I truly think about the additional 3% or so of income tax in playing - would cover my daughters day care. I can pretty much see VA from my home in Bethesda..

I guess you don't get that the tax/fee burden for DC individuals is lower than VA or MD, right? Look at the studies, this myth that VA is some sort of tax haven compared to the neighboring jurisdictions has been pure fantasy for years.

I’m a CPA, you’re factually incorrect.

Va is the best, then DC, the MD. If you’re poor, sure DC is great.

Then you aren't much of a CPA

https://eliresidential.com/2019/02/19/2019-2-18-does-virginia-washington-dc-or-maryland-have-the-most-favorable-taxes/

I can provide many other links that show the same thing - YOU are factually incorrect.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:The Caps will be fine. It's a good franchise. What they lose in MoCo and NW DC fans attending games, they'll make up with NoVa fans. I'm in MoCo near the DC line. We go to Caps game all the time. I cannot imagine trekking all the way to Potomac Yards for a weeknight game during rush hour. Not happening. But the Virginia fans will be there.

The Wizards are going to suffer. It's been a losing franchise forever with little hope of changing anytime soon. Most of their fan base - such as it is - is DC based. They are not going to Potomac Yards. You need a winning team for people to go through the inconveinience of going to Potomac Yards. It'll be a pretty empty arena for the foreseeable future when it comes to the Wizards.

The real loser, of course, is DC. This is hundreds of millions in lost revenue. All those restaurants in Gallery Place are going to die. It will be impossible to sell a condo in that neighborhood. It was the arena that turned everything around downtown 30 years ago. It will revert back to the crack era so fast it'll make your head spin. The future for downtown DC is bleak.

I blame Bowser and the City Council, of course. Absolute idiots. But the real villain is the USAO. When you decline to prosecute nearly 70 percent of all arrests, there are consequences. Leonsis said it himself. Most of his employees have been attacked and harassed just going to work. No wants that kind of stress in their day to day life. These are all repeat offenders well known to the police. The average murder suspect in DC has 11 felonies - pretty impressive for a teen or someone in their twenties. And USAO does nothing about these violent people.

So people and businesses are leaving DC. Until DC gets serious about putting criminals in prison, the city will continue to decline.

Plenty of people from Loudoun and western Fairfax travel to DC for Nationals BASEBALL(!) games. Plenty via Metro too (shock). Are MD people from Bethesda and CC too provincial to cross the Potomac? I’m sure a few are but C’mon. If you’re a fan, the move to a neighboring DC community won’t be a big deal.

BTW the commute from western Fairfax to Baltimore via car at rush hour is not that much longer than getting to DC for baseball games.

Why do you think people in Bethesda and CC pay so much for rather basic houses? It's because they value time over space.

Alexandria and National Harbor are the furthest places from there in the region. It's a full loop around the beltway to get there and back. I'd rather drive to Baltimore.

If you are BCC or SS resident, the Baltimore stadiums, FedEx or RFK, Nats Park, and Audi Field are all closer than PY. My purchases of tickets will reflect that reality.

Camden yards is actually a fairly easy drive, particularly in the western moco vibes. The ICC is fantastic.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:If DC (and MD for that matter) just made their tax policy competitive with VA, it would be a different story.

Safety is easy, Leonsis could hire a private security team outside Cap One if he was treated fairly from a tax standpoint.

MD and DC are going to continue to spiral until they get competitive.

I live in MD making about 750k. I truly think about the additional 3% or so of income tax in playing - would cover my daughters day care. I can pretty much see VA from my home in Bethesda..

I guess you don't get that the tax/fee burden for DC individuals is lower than VA or MD, right? Look at the studies, this myth that VA is some sort of tax haven compared to the neighboring jurisdictions has been pure fantasy for years.

I’m a CPA, you’re factually incorrect.

Va is the best, then DC, the MD. If you’re poor, sure DC is great.

Then you aren't much of a CPA

https://eliresidential.com/2019/02/19/2019-2-18-does-virginia-washington-dc-or-maryland-have-the-most-favorable-taxes/

I can provide many other links that show the same thing - YOU are factually incorrect.

As I said..if you’re poor, DC/MD are fine. Having a 300k + income in Maryland is by far the worst…as your data shows. It’s also assuming the more you make the more
Expensive your car/home/ etc is.

This does not include state estate tax either.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:The Caps will be fine. It's a good franchise. What they lose in MoCo and NW DC fans attending games, they'll make up with NoVa fans. I'm in MoCo near the DC line. We go to Caps game all the time. I cannot imagine trekking all the way to Potomac Yards for a weeknight game during rush hour. Not happening. But the Virginia fans will be there.

The Wizards are going to suffer. It's been a losing franchise forever with little hope of changing anytime soon. Most of their fan base - such as it is - is DC based. They are not going to Potomac Yards. You need a winning team for people to go through the inconveinience of going to Potomac Yards. It'll be a pretty empty arena for the foreseeable future when it comes to the Wizards.

The real loser, of course, is DC. This is hundreds of millions in lost revenue. All those restaurants in Gallery Place are going to die. It will be impossible to sell a condo in that neighborhood. It was the arena that turned everything around downtown 30 years ago. It will revert back to the crack era so fast it'll make your head spin. The future for downtown DC is bleak.

I blame Bowser and the City Council, of course. Absolute idiots. But the real villain is the USAO. When you decline to prosecute nearly 70 percent of all arrests, there are consequences. Leonsis said it himself. Most of his employees have been attacked and harassed just going to work. No wants that kind of stress in their day to day life. These are all repeat offenders well known to the police. The average murder suspect in DC has 11 felonies - pretty impressive for a teen or someone in their twenties. And USAO does nothing about these violent people.

So people and businesses are leaving DC. Until DC gets serious about putting criminals in prison, the city will continue to decline.

Plenty of people from Loudoun and western Fairfax travel to DC for Nationals BASEBALL(!) games. Plenty via Metro too (shock). Are MD people from Bethesda and CC too provincial to cross the Potomac? I’m sure a few are but C’mon. If you’re a fan, the move to a neighboring DC community won’t be a big deal.

BTW the commute from western Fairfax to Baltimore via car at rush hour is not that much longer than getting to DC for baseball games.

You aren't getting it. The reason people from all corners go to the games in DC is because DC is in the middle of the region with the transit hubs in the city. When you move attractions to one corner or another, it becomes at best inconvenient and at worse burdensome to untenable, to attend. So sure, you have people from western fairfax to Baltimore going to events in DC because it is DC. For people from Baltimore, it is an easy train ride to Union Station and then walk to the Arena or capital bike share to the arena or stadium. Really for people from upper NW DC and Montgomery County, adding an hour commute to attend games on a weeknight during rush hour (not an hour commute, ADDING an hour) is simply not an option for most people.

You aren’t getting it. Leonsis correctly understands that the economic engine of the region has shifted completely to Fairfax and Loudoun Counties. He only needs this one corner that is paved with the gold from defense contractors and massive IT companies and their millionaire employees. He doesn’t need the other three corners and the blight that some of those corners bring. The arena is going to filled with Amazon engineers barely able to squeeze into the seats because their wallets are so fat. PLUS he still gets to own an arena downtown which DC has no alternative but to upgrade massively. It was a genius move.

lol at thinking everyone at Amazon HQ has “fat wallets”. Their 250k salary won’t go very far

A lot farther than the 49 year old DC nonprofit worker nursing a light beer for 2 quarters of the game and snacking on a bag of pretzel nuggets he bought at Walgreens and snuck in. That 25 year old engineer will be hammering a bottle of Dom P toasting to the good life.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:The Caps will be fine. It's a good franchise. What they lose in MoCo and NW DC fans attending games, they'll make up with NoVa fans. I'm in MoCo near the DC line. We go to Caps game all the time. I cannot imagine trekking all the way to Potomac Yards for a weeknight game during rush hour. Not happening. But the Virginia fans will be there.

The Wizards are going to suffer. It's been a losing franchise forever with little hope of changing anytime soon. Most of their fan base - such as it is - is DC based. They are not going to Potomac Yards. You need a winning team for people to go through the inconveinience of going to Potomac Yards. It'll be a pretty empty arena for the foreseeable future when it comes to the Wizards.

The real loser, of course, is DC. This is hundreds of millions in lost revenue. All those restaurants in Gallery Place are going to die. It will be impossible to sell a condo in that neighborhood. It was the arena that turned everything around downtown 30 years ago. It will revert back to the crack era so fast it'll make your head spin. The future for downtown DC is bleak.

I blame Bowser and the City Council, of course. Absolute idiots. But the real villain is the USAO. When you decline to prosecute nearly 70 percent of all arrests, there are consequences. Leonsis said it himself. Most of his employees have been attacked and harassed just going to work. No wants that kind of stress in their day to day life. These are all repeat offenders well known to the police. The average murder suspect in DC has 11 felonies - pretty impressive for a teen or someone in their twenties. And USAO does nothing about these violent people.

So people and businesses are leaving DC. Until DC gets serious about putting criminals in prison, the city will continue to decline.

Plenty of people from Loudoun and western Fairfax travel to DC for Nationals BASEBALL(!) games. Plenty via Metro too (shock). Are MD people from Bethesda and CC too provincial to cross the Potomac? I’m sure a few are but C’mon. If you’re a fan, the move to a neighboring DC community won’t be a big deal.

BTW the commute from western Fairfax to Baltimore via car at rush hour is not that much longer than getting to DC for baseball games.

You aren't getting it. The reason people from all corners go to the games in DC is because DC is in the middle of the region with the transit hubs in the city. When you move attractions to one corner or another, it becomes at best inconvenient and at worse burdensome to untenable, to attend. So sure, you have people from western fairfax to Baltimore going to events in DC because it is DC. For people from Baltimore, it is an easy train ride to Union Station and then walk to the Arena or capital bike share to the arena or stadium. Really for people from upper NW DC and Montgomery County, adding an hour commute to attend games on a weeknight during rush hour (not an hour commute, ADDING an hour) is simply not an option for most people.

You aren’t getting it. Leonsis correctly understands that the economic engine of the region has shifted completely to Fairfax and Loudoun Counties. He only needs this one corner that is paved with the gold from defense contractors and massive IT companies and their millionaire employees. He doesn’t need the other three corners and the blight that some of those corners bring. The arena is going to filled with Amazon engineers barely able to squeeze into the seats because their wallets are so fat. PLUS he still gets to own an arena downtown which DC has no alternative but to upgrade massively. It was a genius move.

lol at thinking everyone at Amazon HQ has “fat wallets”. Their 250k salary won’t go very far

A lot farther than the 49 year old DC nonprofit worker nursing a light beer for 2 quarters of the game and snacking on a bag of pretzel nuggets he bought at Walgreens and snuck in. That 25 year old engineer will be hammering a bottle of Dom P toasting to the good life.

lol if you think you’re drinking Dom on a Tuesday with a 250k salary

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:The Caps will be fine. It's a good franchise. What they lose in MoCo and NW DC fans attending games, they'll make up with NoVa fans. I'm in MoCo near the DC line. We go to Caps game all the time. I cannot imagine trekking all the way to Potomac Yards for a weeknight game during rush hour. Not happening. But the Virginia fans will be there.

The Wizards are going to suffer. It's been a losing franchise forever with little hope of changing anytime soon. Most of their fan base - such as it is - is DC based. They are not going to Potomac Yards. You need a winning team for people to go through the inconveinience of going to Potomac Yards. It'll be a pretty empty arena for the foreseeable future when it comes to the Wizards.

The real loser, of course, is DC. This is hundreds of millions in lost revenue. All those restaurants in Gallery Place are going to die. It will be impossible to sell a condo in that neighborhood. It was the arena that turned everything around downtown 30 years ago. It will revert back to the crack era so fast it'll make your head spin. The future for downtown DC is bleak.

I blame Bowser and the City Council, of course. Absolute idiots. But the real villain is the USAO. When you decline to prosecute nearly 70 percent of all arrests, there are consequences. Leonsis said it himself. Most of his employees have been attacked and harassed just going to work. No wants that kind of stress in their day to day life. These are all repeat offenders well known to the police. The average murder suspect in DC has 11 felonies - pretty impressive for a teen or someone in their twenties. And USAO does nothing about these violent people.

So people and businesses are leaving DC. Until DC gets serious about putting criminals in prison, the city will continue to decline.

Plenty of people from Loudoun and western Fairfax travel to DC for Nationals BASEBALL(!) games. Plenty via Metro too (shock). Are MD people from Bethesda and CC too provincial to cross the Potomac? I’m sure a few are but C’mon. If you’re a fan, the move to a neighboring DC community won’t be a big deal.

BTW the commute from western Fairfax to Baltimore via car at rush hour is not that much longer than getting to DC for baseball games.

Why do you think people in Bethesda and CC pay so much for rather basic houses? It's because they value time over space.

Alexandria and National Harbor are the furthest places from there in the region. It's a full loop around the beltway to get there and back. I'd rather drive to Baltimore.

If you are BCC or SS resident, the Baltimore stadiums, FedEx or RFK, Nats Park, and Audi Field are all closer than PY. My purchases of tickets will reflect that reality.

Camden yards is actually a fairly easy drive, particularly in the western moco vibes. The ICC is fantastic.

The drive is easy. The walk to the parking garage after night game, not so much.

[Anonymous]

For those blaming Charles Allen, I refer you to this August 1, 2023 op-ed where he specifically calls for support of the Downtown arena

https://www.washingtonpost.com/opinions/2023/08/01/dc-stadium-deal-capital-one-arena-rfk-stadium/

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:If DC (and MD for that matter) just made their tax policy competitive with VA, it would be a different story.

Safety is easy, Leonsis could hire a private security team outside Cap One if he was treated fairly from a tax standpoint.

MD and DC are going to continue to spiral until they get competitive.

I live in MD making about 750k. I truly think about the additional 3% or so of income tax in playing - would cover my daughters day care. I can pretty much see VA from my home in Bethesda..

I guess you don't get that the tax/fee burden for DC individuals is lower than VA or MD, right? Look at the studies, this myth that VA is some sort of tax haven compared to the neighboring jurisdictions has been pure fantasy for years.

I’m a CPA, you’re factually incorrect.

Va is the best, then DC, the MD. If you’re poor, sure DC is great.

Then you aren't much of a CPA

https://eliresidential.com/2019/02/19/2019-2-18-does-virginia-washington-dc-or-maryland-have-the-most-favorable-taxes/

I can provide many other links that show the same thing - YOU are factually incorrect.

As I said..if you’re poor, DC/MD are fine. Having a 300k + income in Maryland is by far the worst…as your data shows. It’s also assuming the more you make the more
Expensive your car/home/ etc is.

This does not include state estate tax either.

8.95% MD (including Moco) Vs 5.75%

Property tax is about the same

MD has no car tax, big deal.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:If DC (and MD for that matter) just made their tax policy competitive with VA, it would be a different story.

Safety is easy, Leonsis could hire a private security team outside Cap One if he was treated fairly from a tax standpoint.

MD and DC are going to continue to spiral until they get competitive.

I live in MD making about 750k. I truly think about the additional 3% or so of income tax in playing - would cover my daughters day care. I can pretty much see VA from my home in Bethesda..

I guess you don't get that the tax/fee burden for DC individuals is lower than VA or MD, right? Look at the studies, this myth that VA is some sort of tax haven compared to the neighboring jurisdictions has been pure fantasy for years.

I pay over 3% more in income tax, property tax is equivalent, we have a crappy state estate tax..VA has the car tax but that the easiest to avoid..just buy a nice used car.

Or MD tags

[Anonymous]

Anonymous wrote:For those blaming Charles Allen, I refer you to this August 1, 2023 op-ed where he specifically calls for support of the Downtown arena

https://www.washingtonpost.com/opinions/2023/08/01/dc-stadium-deal-capital-one-arena-rfk-stadium/

The Council then agreed to a low ball offer that signaled weakness to Governor Younkin who swooped right in and got it done. We had a Council made up of 13 “community activists” with exactly zero private sector experience against a single, seasoned deal maker. DC not only didn’t stand a chance, they didn’t even know the game was on. Elections have consequences. We’ll probably still get more bike lanes though which we can use to go to Mystics games.

[Anonymous]

Anonymous wrote:

Anonymous wrote:For those blaming Charles Allen, I refer you to this August 1, 2023 op-ed where he specifically calls for support of the Downtown arena

https://www.washingtonpost.com/opinions/2023/08/01/dc-stadium-deal-capital-one-arena-rfk-stadium/

The Council then agreed to a low ball offer that signaled weakness to Governor Younkin who swooped right in and got it done. We had a Council made up of 13 “community activists” with exactly zero private sector experience against a single, seasoned deal maker. DC not only didn’t stand a chance, they didn’t even know the game was on. Elections have consequences. We’ll probably still get more bike lanes though which we can use to go to Mystics games.

the "low ball deal" was what Leonsis asked for. What the city couldn't offer was 70 acres that Leonsis could control, along with $2B - so this wasn't about crime, it was about real estate and money. Just own it for what it actually is.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:For those blaming Charles Allen, I refer you to this August 1, 2023 op-ed where he specifically calls for support of the Downtown arena

https://www.washingtonpost.com/opinions/2023/08/01/dc-stadium-deal-capital-one-arena-rfk-stadium/

The Council then agreed to a low ball offer that signaled weakness to Governor Younkin who swooped right in and got it done. We had a Council made up of 13 “community activists” with exactly zero private sector experience against a single, seasoned deal maker. DC not only didn’t stand a chance, they didn’t even know the game was on. Elections have consequences. We’ll probably still get more bike lanes though which we can use to go to Mystics games.

the "low ball deal" was what Leonsis asked for. What the city couldn't offer was 70 acres that Leonsis could control, along with $2B - so this wasn't about crime, it was about real estate and money. Just own it for what it actually is.

He asked for $600m. Council offered a lot less. Then last night after they soiled their undies they offered $500M. Too late. Game over.

[Anonymous]

Anonymous wrote:For those blaming Charles Allen, I refer you to this August 1, 2023 op-ed where he specifically calls for support of the Downtown arena

https://www.washingtonpost.com/opinions/2023/08/01/dc-stadium-deal-capital-one-arena-rfk-stadium/

Fair enough. Even a stuck clock is right twice a day. Now, if Charles Allen would only fund (not defund) the police around the arena and in DC neighborhoods.

[Anonymous]

Anonymous wrote:

Anonymous wrote:For those blaming Charles Allen, I refer you to this August 1, 2023 op-ed where he specifically calls for support of the Downtown arena

https://www.washingtonpost.com/opinions/2023/08/01/dc-stadium-deal-capital-one-arena-rfk-stadium/

The Council then agreed to a low ball offer that signaled weakness to Governor Younkin who swooped right in and got it done. We had a Council made up of 13 “community activists” with exactly zero private sector experience against a single, seasoned deal maker. DC not only didn’t stand a chance, they didn’t even know the game was on. Elections have consequences. We’ll probably still get more bike lanes though which we can use to go to Mystics games.

But it will be oh, so equitable and inclusive.

[Anonymous]

In retrospect, that $1M the mayor just spent repainting the BLM street could have been better used elsewhere…