Ditching DC? Virginia Woos Wizards, Capitals With $2B Sports Complex

Washington Wizards owner Ted Leonsis wears a chain with the team logo on the sidelines during the second half of the game against the Toronto Raptors at Capital One Arena in Washington on March 4, 2023. Tommy Gilligan/USA TODAY Sports via Field Level Media

Ted Leonsis and Monumental Sports plan to take his NBA and NHL teams to Alexandria, Va., by 2028, relocating the teams from downtown Washington, D.C., for a new $2 billion sports complex that would house the pro sports franchises.

The Washington Wizards (NBA) and Washington Capitals (NHL) are currently co-tenants at Capital One Arena in the District of Columbia with the WNBA’s Washington Mystics.