Reply to Wizards and Caps could be moving to Potomac Yard

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]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.[/quote]

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.[/quote]

That is not likley if Alexandria is on board.  [/quote]If I were an Alexandria taxpayer, I would be furious over this.[/quote]

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.[/quote]

lol all the tax revenues generated by the project will be used to pay off the hundreds of millions in bond debt that Alexandria will owe to creditors as a result of pitching in to build the facility. Your mayor just sold Alexandria to the bond market for the next 20+ years all while knowing he won’t have to answer to the voters. [/quote]

Don’t see anything wrong with the revenue from the project being used to pay off bond debt that helped build it. [/quote]

Right, but Alexandria would be on the hook if the rosy projections of concession and ticket sales do not cover the obligation. Given the difficulty of the location (ie the transportation issues) this is a real risk.[/quote]

The indoor/outdoor performing arts venue will likely have events almost every day of the year. This will undoubtedly fill Alexandria’s coffers, and pull the renaming musicals and other shows out of downtown DC (namely the National and Warner theaters). Already most prefer to travel to the brand new Capital One Hall in Tysons for shows. Sadly there will just be fewer reasons for a night out on the town in DC with its beautiful architecture and culture. We’ll just drive all the bland new suburban venues. Strathmore, Capital One Hall, the future Potomac Yards performing arts space. Even the Kennedy Center might survive since it’s off of a freeway ramp with a speedy connection to Virginia. [/quote]

You think that people are going to flock to a suburban venue without parking? [/quote]

There is the Metroway BRT which runs by lots of empty office and hotel parking garages. The city and Metro can pay for increased frequency. It’ll be like taking the parking shuttle at Disneyland. [/quote]

Rich people do not take parking shuttles.[/quote]

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