DC Attorney General Tells Leonsis That Caps & Wizards Can’t Leave Arena Until 2047

Source: Patrick Smith / Getty

D.C. Attorney General Brian Schwalb warned Wizards and Capitals owner Ted Leonsis against leaving Capital One Arena before the end of their lease in 2047, stating legal obligations bind the teams to the venue.

Text “DCnews” to 52140 For Local & National News Sent Directly To You!

In a letter dated March 18, Schwalb accused Leonsis’s company, Monumental Sports & Entertainment, of breaking commitments by engaging with Virginia for a move. He urged a return to negotiations with D.C. officials, who are offering $500 million for arena upgrades.

RELATED: Unions Oppose Plan To Relocate Washington Wizards And Capitals To Potomac Yard

Despite this contention, Monumental believes they can legally opt out of the extension. This dispute raises the possibility of litigation amidst Leonsis’s difficulties in securing support for a new Virginia arena.

source: The DMV Daily

READ MORE:

• Maryland Will Celebrate Earth Day With Free Transit For Riders
• Maryland Ranks In Top 5 ‘Greenest States’ Of 2024
• Maryland Lawmakers & Residents Push Back Against Cannabis Entrepreneur
• Man Struck By Metro Train Outside Stadium-Armory Station
• Metro Reports Drop In Crime, Fare Evasion Decreases By 50%
• Solar Eclipse Watch Parties In The DMV
• DC Day Care Owner Recognized For Swift Evacuation Of 16 Children Before Gas Explosion
• WATCH: How To Stream Today’s Solar Eclipse In The DMV
• Bowser Proposes Sales Tax Increase In 2025 Budget For Metro, Public Safety & Downtown Developments
• Maryland’s Crabbing Season Has Begun!

Get Breaking News & Exclusive Content in Your Inbox:  

DC Attorney General Tells Leonsis That Caps & Wizards Can’t Leave Arena Until 2047  was originally published on woldcnews.com