Reply to Wizards and Caps could be moving to Potomac Yard

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Reply to "Wizards and Caps could be moving to Potomac Yard"

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[quote=Anonymous]Ted's explanation yesterday is not convincing.  First, when I head to a Caps/Wizards game, I am not looking for an entertainment district.  I simply want to watch a game, have some food, and drink a few beers at the arena.  Easy access in and out are critical.  Latter is absolutely critical for season ticket holders.  Second, his pitch includes the notion that a new arena will host concerts, etc.  Ted already controls 2 arenas in DC that compete with multiple other facilities for concerts, etc.  And I understand Reston and Fairfax are considering new facilities.  There simply is not enough demand for concert facilities.  As economists have pointed out, spending public money does not add much.  It only redirects entertainment dollars from elsewhere.  Third, he compares the acreage between Capital One Arena and Potomac Yards.  That is misleading.  Given the lack of demand for DC office space, Ted has a real and cost effective opportunity to take control of other buildings near Capital One, whether for office space, team facilities, etc. [/quote]

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