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Metropolitan DC Local Politics
Reply to "Wizards and Caps could be moving to Potomac Yard"
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[quote=Anonymous][quote=Anonymous]They know that none of their Wizard plan holders will move with the team and they also know they will lose a lot of DC and MD plan holders for the Caps. There are not going to be enough playing fans who live close enough to the arena to cover the bond payments, and once Ovechkin retires, which surely will be before the new arena is ready, the Caps attendance base will likely revert to pre Ovi-levels, which was marginally better than what the Wizards draw currently. Ted will still make his money because of the way the salary caps and TV contracts work, but with weak attendance, the bond nut won't be covered, which means it will fall to Virginia and Alexandria taxpayers to cover. [/quote] Excellent online economic analysis. Can't believe anyone paid actual economists to study this project.[/quote]
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