Confirmed with Link: Capitals to VA is dead. DC decides to pay $515 million dollars to upgrade capital one

[EYEuhFRAYtee]

Ted’s going to burn it all down…

IT BEGINS!

 

[usiel]

So Virginia isn't putting it in their budget and DC says they're locked in for another 20 years?

This is dead, right?

From my understanding Monumental was confident that legally they could get out of the lease. I don't think they go that far with the whole PY deal if it was on shaky ground. Again this feels overly aggressive on the DC side.

 

[twabby]

The Kansas City Capitals has a good ring to it

 

[usiel]

Also Youngkin can start a special session to bring it up again. It just depends is if there will be some real attempts and negotiating with the VA state dems.

 

[Midnight Judges]

So Virginia isn't putting it in their budget and DC says they're locked in for another 20 years?

This is dead, right?

Not sure you can trust DC Government lawyers on something like that. Billionaires tend to have good lawyers. Not always (lol) but I bet Ted does.

Tactically, I don't think it's a good look for the city to play the "force" card. If anything, that would increase the likelihood of Ted digging in against them as opposed to coming back to the table.

 

[Corby78]

Sheehan had his lawyer buddy on a few weeks back talking about this. Basically he said the 40 more years is based on the caps not paying off the loan yet. Ted planned on paying it off to nullify the remaining years. The city would have to play the “we don’t accept this payment” card. Something he said would most likely not go far.

 

[dreadpirateroberts]

 

[dreadpirateroberts]

 

[Brian23]

 

[Silky mitts]

If they get rid of the street musicians from the Metro to Clyde's this is a net win for everyone

 

[Empty Goal Net]

Always a good day when the general populace wins and arrogant billionaires lose.

 

[g00n]

Sounds like the thread title needs an update.

 

[zappa4ever]

dipshits.

 

[John Price]

It's deadddd

 

[dreadpirateroberts]

Going to be interesting to see what the details are. I don’t see the city giving out money to MSE, Commanders, and the Nats so there is a chance that the Commanders will probably be the odd man out

 

[Corby78]

dipshits.

Yeah this is a lot of nobody wins.

-DC looks bad
-Ted looks bad
-Virginia looks bad

Only winner really is the fans if they actually improve the arena and area. Soooo maybe this was actually a good thing.

 

[VaCaps Fan]

If they get rid of the street musicians from the Metro to Clyde's this is a net win for everyone

You don’t like J. Money performing?

 

[kicksavedave]

Nimby's 1, Ted 0. Moving on.

 

[CapitalsCupReality]

Caps, Wizards would stay in D.C. under deal announced by Bowser, Leonsis — The Washington Post

Under the terms of the deal, D.C. would spend $515 million over three years to help Leonsis modernize the arena and the owner would sign a new lease keeping the teams in D.C. for 25 more years.

apple.news

Well done DC.

 

[hockeykicker]

so ted bluffs and wins haha

 

[Brian23]

So, Capital One was constructed for 260 million dollars back in 91. Off an inflation calculator that's about 506 million in today money. So all in all that seems like a sizeable investment.

Flipside though, I really wonder how much they can really upgrade at the stadium? I mean, modernize some stuff sure but I feel like the bigger issues are the surrounding areas.

 

[pman25]

I mean whatever keeps the caps where they are is a W

I’m happy with this

 

[John Price]

DC was the best location and glad to see they'll stay. But we won't forget Ted. The fans remember.

Tried to jilt a perfectly good location for VA, had a whole big shebang and presser about it, acting like it was a done deal. And why? All for your larger pockets. I've met Ted a few times and before that (even with Ernie) "I was fine with him. That has changed. Guy ain't going to be idolized in this town no more lol

 

[hockeykicker]

DC was the best location and glad to see they'll stay. But we won't forget Ted. The fans remember.

Tried to jilt a perfectly good location for VA, had a whole big shebang and presser about it, acting like it was a done deal. And why? All for your larger pockets. I've met Ted a few times and before that (even with Ernie) "I was fine with him. That has changed. Guy ain't going to be idolized in this town no more lol

dude what? the fans will forget next week haha

 

[John Price]

dude what? the fans will forget next week haha

some people are still gong to cancel their season tickets not me