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re: Capitals and Wizards likely moving to VA from DC
Posted on 12/13/23 at 9:25 am to UnluckyTiger
Posted on 12/13/23 at 9:25 am to UnluckyTiger
quote:
that area isn’t what it was before 2000. Crime is increasing a ton downtown again and DC went from providing 27 cops for events at Capital One arena to THREE because of staffing issues. So much help the defund the police movement did.
Oh I'm aware, but this move isn't happening because of the spike in crime in DC this year. This is pure economics for Ted. He has a terrible lease at CapOne he wanted to get out of and DC wasn't going to give him public funds for upgrades. This move solves both of those problems.
Chinatown will almost certainly fall back into being a crime infested hellhole now because all of the bars and restaurants that thrived being near the stadium will leave. None of these places can survive on the 1K people that go to Mystics and Georgetown games
4
Posted on 12/13/23 at 9:28 am to usc6158
quote:
This is pure economics for Ted. He has a terrible lease at CapOne he wanted to get out of and DC wasn't going to give him public funds for upgrades. This move solves both of those problems.
For sure. Both parties are losers in this situation. Can’t stand either of them.
Posted on 12/13/23 at 9:36 am to usc6158
quote:
He has a terrible lease at CapOne he wanted to get out of
I can’t remember the amount but I think the land lease payment was around $30 something million.
Posted on 12/13/23 at 9:52 am to usc6158
quote:
Chinatown will almost certainly fall back into being a crime infested hellhole now because all of the bars and restaurants that thrived being near the stadium will leave. None of these places can survive on the 1K people that go to Mystics and Georgetown games
You don’t think there will still be daily events at Cap one? Ted still owns it. The arena isn’t going anywhere. Just the anchor tenants.
Posted on 12/13/23 at 2:08 pm to usc6158
What is bad about the lease now?
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