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Wizards, Capitals commit to D.C. as Capital One Arena gets approved for $515 million renovation

The Capital One Arena in Washington, D.C., is set to undergo significant renovations following the approval by the D.C. Council. The $800 million project, which includes $515 million in public funding, aims to modernize the arena to keep the Washington Wizards and Washington Capitals in the city until at least 2050. Key features of the renovation include expanding the arena's footprint, enhancing the surrounding area with new retail and entertainment options, and improving transportation access. The project is expected to boost local economic development, create jobs, and revitalize the Chinatown neighborhood. The renovations are part of a broader effort to ensure the arena remains competitive and attractive for both teams and fans, amidst competition from newer venues in nearby cities.

Read the Full The New York Times Article at:
[ https://www.nytimes.com/athletic/6006548/2024/12/19/capital-one-arena-renovations-approved-wizards-capitals/ ]