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]Lots of derision in here from armchair economists. I get that’s what this place is all about, but it’s still amazing folks think their side is the only one worth considering.

Folks who have watched how things work for a minute know this project is going ahead. Can’t wait to head to my first concert there in about four years.  [/quote]

I dislike this project, but totally agree with you, it's going to happen. [/quote]

Whether it happens or not, no one knows.  But I know that I will not attend Caps or Wizards games at PY.  Not worth 80-90 minutes of travel time each way.
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Ted doesn't care if you go or don't go, he's getting a free entertainment district, and he probably figures there'll be enough new fans in Virginia to replace any of us from D.C. or Maryland who don't want to deal with the mess.[/quote]

No. Ted figures that Virginia taxpayers are happy to subsidize him.

The thing will fail spectacularly and Virginia taxpayers throughout the commonwealth will have to pay up.  
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I'm not at all convinced this deal will pass in the Virginia legislature. Using public money to fund a billionaire's arena is never good politics. And there are many reasons why the proposed complex will turn into a boondoggle. Transportation. Location. Impacts on local communities. Sure it may create some jobs, but they are low wage jobs. It's not quite Amazon HQ. Bezos isn't employing people to sell hot dogs and pretzels.

Capital One Arena is perfectly located to capture fans from Maryland, DC, and Virginia. No one in Maryland, DC, or most of northern Virginia is schlepping through hours of traffic to see the Worst Team in the NBA or a mediocre post-Ovi Caps team, particularly on weeknights. The arena will be empty most nights. And when it doesn't hit its extremely optimistic financial targets, Virginia taxpayers will be on the hook for hundreds of millions of dollars. And on nights when they do sell out, traffic will be an absolute nightmare. The metro is far too inconvenient for the vast majority of the DMV, unlike Capital One Arena, which is an easy metro ride for everyone in the DMV.

It's not a good deal. And I suspect there will be enough legislators who can see the politics of it - or possibly even have a backbone - and reject this totally unnecessary arena. [/quote]

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