ICYMI: Youngkin Announces Virginia as New Home for Washington Capitals and
Wizards



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ICYMI: Governor Glenn Youngkin continues to make Virginia the best place to
live, work, raise a family, and, soon, watch professional hockey and basketball.



Joining Squawk Box this morning, Youngkin announced the Commonwealth will be
the new home for the Washington Capitals and Wizards in a major economic
development project that will bring jobs, business, and a state-of-the-art
sports complex to Northern Virginia.



“It's an exciting day in Virginia. We just announced that we will be
developing, in partnership with Monumental Sports and the City of Alexandria,
the most state-of-the-art sports and entertainment district in America,”
Youngkin said.“This will be home to two great sports franchises. This is a big
day for the Commonwealth of Virginia. I might say it's even monumental.”



In a speech this morning, Youngkin outlined the economic benefits of this
project for Virginians and the continuation of economic prosperity that the
Commonwealth has experienced under Youngkin’s leadership.



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“I pledged that any projects like this would first and foremost be good for
the Virginia taxpayer. And that's exactly what this project represents. No
upfront investment,”Youngkin said. “Harnessing the financial horsepower of the
future, incremental taxes and other revenues, with an estimated $12 billion of
economic contribution to Virginia and the City of Alexandria over the coming
decades.”



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“It's crystal-clear Virginia is leading on innovation already. We have
extraordinary infrastructure. We have business-ready sites. We have world-class
education. We have a vibrant workforce. And our commitment to multimodal
transportation, including the recently completed Potomac Yard Metro Station,
set the stage for this transformational opportunity,”Youngkin said. “We have
more people working in the Commonwealth of Virginia than ever in the history of
the Commonwealth. Companies are coming. Businesses are coming. And with the
opening of this new sports and entertainment district, we will christen the
next chapter of groundbreaking innovation in the Commonwealth.”




IN CASE YOU MISSED IT




RICHMOND TIMES-DISPATCH: Youngkin heralds bid to bring Wizards, Capitals, $2
billion project to Virginia
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Gov. Glenn Youngkin finally landed the big fish he's been seeking since
becoming Virginia governor two years ago - and it's a whopper.



Youngkin came to a brand new portion of this historic port city on Wednesday
to announce what already was an open secret - a proposed $2 billion economic
development that would bring not just the first major league sports franchise
to Virginia in nearly 50 years, but two of them. He was joined by Ted Leonsis,
owner of both franchises and CEO of Monumental Sports & Entertainment, based
across the Potomac River in Washington, D.C., but possibly not for long.



AP: Wizards, Capitals would move to Virginia in tentative deal, Youngkin says.
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Virginia Gov. Glenn Youngkin has reached a tentative agreement with the parent
company of the NBA’s Washington Wizards and NHL’s Washington Capitals to move
those teams from the District of Columbia to what he called a new “visionary
sports and entertainment venue” in northern Virginia.



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“The Commonwealth will now be home to two professional sports teams, a new
corporate headquarters, and over 30,000 new jobs – this is monumental,”
Youngkin said in a statement.



WASHINGTON POST: Monumental, Youngkin announce deal to move Caps, Wizards to
Virginia
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Ted Leonsis, owner of Monumental Sports & Entertainment, and Virginia Gov.
Glenn Youngkin (R) appeared together Wednesday at an event in Alexandria’s
Potomac Yard neighborhood where the terms of the framework were detailed.



“Virginia will not only be the best place to watch hockey — to watch
basketball, but it will be the best place to innovate and press the envelope in
what we can do together,” Youngkin said.



WASHINGTON EXAMINER: Glenn Youngkin announces sports arena project in
Alexandria, Virginia
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Gov. Glenn Youngkin (R-VA) and Monumental Sports are announcing a $2 billion
sports arena and entertainment district set to be built in the Potomac Yard
neighborhood of Alexandria, Virginia.



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“This is the most visionary sports and entertainment development in the world,
bringing together entertainment, sports, and technology in the most advanced
innovation corridor in the United States: a once-in-a-generation and historic
development for the Commonwealth, sports fans, and all Virginians. The
Commonwealth will now be home to two professional sports teams, a new corporate
headquarters, and over 30,000 new jobs — this is monumental,” Youngkin said in
a statement.




Paid for by Spirit of Virginia



Spirit of Virginia, PO Box 3950, Merrifield, VA 22116



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