Friday, May 29, 2026

Funds Nixed for the Capitals’ and Wizards’ Proposed Move. Now What?

  • A state senator leads the charge to block public funds for the proposed arena.
  • Virginia Gov. Youngkin now has several other options, all of them carrying difficulty.
Monumental Sports & Entertainment

A prominent Virginia lawmaker has stopped the proposed $2 billion arena and mixed-use development in Alexandria for the Washington Wizards and Capitals—at least for the moment—and perhaps offered a powerful template for other politicians opposing taxpayer funds for sports facilities. 

Holding firm to long-stated resistance to the project, state Sen. L. Louise Lucas said Thursday that public funding for the Ted Leonsis–led arena project is not included in a final budget compromise between the two chambers of Virginia’s legislature. But rather than convey that opposition in a more staid and politically conventional fashion, the 80-year-old has colorfully slammed Leonsis and Virginia Gov. Glenn Youngkin for weeks, particularly on social media, and vowed to “kick the ass” of anyone who tried to bully her.

Such viral barbs have continued this week as she posted a Photoshopped depiction of herself on X flashing a peace sign over a grave with a headstone that reads, “Youngkin and Leonsis’ $5 billion arena,” and another with a picture captioned, “Tell Glenn I want him to know it was me.”

“I do not believe we ought to put the full faith and credit of the commonwealth behind a project that’s going to enrich billionaires,” Lucas said. “If they want this project, [they can] pay for it themselves.”

Is Virginia Still in Play?

The defeat, adding to community opposition also building against the project, leaves Leonsis and Youngkin with several options—none of them as timely or politically expedient as what had been attempted in a 2024 legislative session ending Saturday. 

Youngkin could offer a budget amendment or stand-alone bill, but it remains unclear whether there is sufficient political support for that, particularly in light of opposition led by Lucas. The governor could also call a special legislative session, but that, too, requires political capital he might not have. 

Leonsis and Youngkin could also adjust their timetable and spend the next year building a broader caucus of support around the project. And the more radical option would involve Leonsis abandoning the Virginia effort altogether and reengaging with D.C. leaders, who have a standing offer of $500 million to renovate his teams’ current home, Capital One Arena.

However, on Thursday afternoon, a visibly frustrated Youngkin pleaded for a last-minute change by Lucas and other arena opponents but, in the same breath, also lashed out at the senate for refusing to give the deal “any serious, meaningful consideration.”

“I believe our [Virginia] Senate and General Assembly have a chance to stand up and do what’s right,” Youngkin said. “They have a chance to assess this one-of-a-kind opportunity on its merits. It befuddles me that we’re not spending today talking about how to deliver it.”

This field is for validation purposes and should be left unchanged.

Sign up for
The Memo Newsletter

Get the biggest stories and best analysis on the business of sports delivered to your inbox twice every weekday and twice on weekends.

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
Linkedin
Whatsapp
Copy Link
Link Copied
Link Copied

What to Read

Trump Administration Ends Standoff With D.C. Public Golf Courses

The National Links Trust and the U.S. Department of the Interior struck a deal.
Jul 31, 2024; Colombes, France; United States defender Madeleine Zimmer (9) and Australia defender Karri Somerville (20) during the Paris 2024 Olympic Summer Games at Stade Yves-du-Manoir.

Proposed NCAA Five-Year Rule Could Squeeze Olympic Sports

Olympic athletes and coaches don’t think the proposed rules considered them.

LIV Golf Moves On to Trump D.C. Event After Rocky Week in Mexico

Jon Rahm won the $4 million first-place check at LIV Mexico City.

NHL, Capitals Brace for Life After Ovechkin—and a Huge Void

The Russian superstar has driven extensive business across hockey.

Featured Today

May 23, 2026; Anaheim, California, USA; Fans participate in a tarp off during a MLB game between the Los Angeles Angels and the Texas Rangers at Angel Stadium

‘Tarps Off’: How Shirtless Fans Took Over MLB

The viral movement began with the SFA club baseball team.
Apr 6, 2026; Arlington, Texas, USA; Seattle Mariners catcher Cal Raleigh (29) walks to the on deck circle during the game against the Texas Rangers at Globe Life Field
May 28, 2026

Why Ballparks Are Louder Than Ever

Some stadiums sound like veritable nightclubs. How did we get here?
May 24, 2026; Evanston, IL, USA; Northwestern Wildcats attack Kathryn Ratanaproeksa (13) shoots against the North Carolina Tar Heels during the first half at Martin Stadium
May 26, 2026

Can Women’s Lacrosse Buck the Trend in College Sports?

The sport is fighting to prove its worth in the revenue-sharing era.
May 22, 2026

Big Money on the Line on Premier League’s Final Day

Arsenal has won the title, but millions are still at stake.

Bucs Stadium Push Could Complicate Rays Ballpark Deal

The neighboring MLB and NFL teams might battle for the same tax funds.
May 21, 2026

Rays $2.3B Stadium Plan Survives Narrow Tampa City Council Vote

The Tampa City Council narrowly approves a non-binding stadium agreement.
May 26, 2026

Bears Stadium Saga Now Tied to Potential $1.5B Tax Break

The local politics around the proposed stadium remain difficult.
Sponsored

The Hidden Economy of Race Weekend

Learn more about the Vintage Flying Museum and how Spectrum Business is helping them achieve their business goals while fueling their dreams.
May 20, 2026

Political Sparring Intensifies Over Bears’ $5B Stadium Future

The stadium saga is the center of a growing political fight.
May 4, 2026; St. Petersburg, Florida, USA; Tampa Bay Rays left fielder Chandler Simpson (14) greets right fielder Ryan Vilade (26) at home plate after hitting a three-run home run against the Toronto Blue Jays in the first inning at Tropicana Field.
May 15, 2026

Rays Reach Preliminary Agreement With City, County on Ballpark

The stadium would be located near Raymond James Stadium, home of the Buccaneers.
Sponsored

Fueling Dreams with Spectrum Business

Behind every league, team, and major event are the communities and small businesses helping power the business of sports.
Cleveland Browns players Denzel Ward and Carson Schwesinger, left, join with others as they take part in the ceremonial groundbreaking for the new Huntington Bank Field in Brook Park, Ohio on April 30, 2026.
May 1, 2026

Browns Break Ground on New Stadium, but Funding Still in Limbo

State and local funding for the planned venue is not yet solidified.