Reply to Wizards and Caps could be moving to Potomac Yard

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]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]
DC’s mayor didn’t include that land in their offer.  Alexandria did.

Moreover, an acre in DC is not equivalent to an acre in Alexandria or Fairfax.  DC has significant constraints on height — 130 feet.  In Alexandria, Ted can build 300+ feet skyscrapers on the Potomac.  He basically gets his own Navy Yard development, but with much taller and higher capacity buildings.[/quote]

The Mayor didn't offer land because land isn't available. That isn't to say that she could promise the FBI parcel or part of Poplar Point or RFK if/when those federal land transfers happen, but that may not be in the next decade, so who knows.

That said, this is an easy $2B cash grab by Leonsis and nothing more. No one can blame him, but what Alexandria taxpayers would want to be on the hook for the debt obligation is beyond me.[/quote]

Of course, the Mayor did not offer other land, because the City does not control the surrounding buildings.  But there are plenty of underutilized office buildings near Capital One Arena that are looking for new uses.  Someone simply needs to be creative.   [/quote]

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