Current:Home > InvestIf Ted Leonsis wants new arena for Wizards, Capitals, he and Va. governor need to study up -Wealth Navigators Hub
If Ted Leonsis wants new arena for Wizards, Capitals, he and Va. governor need to study up
View
Date:2025-04-17 12:26:04
The Virginia state legislature’s decision not to include funding for a new arena for Monumental Sports and Entertainment – owner of the Washington Wizards and Washington Capitals – in Alexandria, Va., reminded me of two political truisms that Gov. Glenn Youngkin and Monumental Sports majority owner Ted Leonsis needed to heed.
All politics are local, and it’s a good idea to know if you have the votes before the celebration.
A new arena deal may end up getting done, but in the here and now, the failure is a setback for Youngkin and Leonsis, and an 80-year-old Virginia politician and fireball, state senator L. Louise Lucas, is largely responsible for making sure the arena and entertainment project is not on the state’s two-year budget which passed Saturday.
The arena project never had Lucas’ support, a necessity. Had Youngkin been more savvy, he would have known that and made sure he did all he could to get her support.
Lucas, who has been a state senator since 1992, is senate’s president pro tempore and chair of the state’s committee on finance and appropriations. She is a force.
Six days after Youngkin and Leonsis unveiled plans in December for a new sports and entertainment complex near Reagan National Airport, Lucas posted on social media, “Anyone who thinks I’m going to approve an arena in Northern Virginia using state tax dollars before we deliver on toll relief and for public schools in Hampton Roads must think I have dumbass written on my forehead.”
Fact check: She does not.
Political leanings aside, she is a treat on social media and plays the game much better than those half her age. Last week, amid a 16-game Wizards losing streak, she posted, “What’s the date for the NBA draft lottery this year? My Wizards have not won a game since January and I want to make sure I am tuned in to share the most exciting moment of the season with them.”
Savage. And done with a wink.
But there is substance, too. From the start of budget talks, she said the Democrat-controlled legislature would deliver what voters wanted. She said that did not include a new arena for pro sports teams. She is fond of saying Virginia is “not a piggybank for billionaires.” Arena deals aren’t easy (Monumental Sports understood that) and definitely not a slam dunk especially when some form of taxpayer dollars are involved.
Virginia political insiders who watched the arena plan unfold suspected problems from the start. Knowing what the most powerful state senator wanted – toll relief for household incomes making less than a specified amount and money for public education, among other line items – Youngkin could have delivered instead of waiting until late in the process.
A snazzy PR campaign doesn’t always equal a done deal. Over the weekend, Monumental Sports and Entertainment posted one more video plea for an arena deal and a D.C. political operative posted, “Did they spend more time planning, scripting, and shooting this latest video, than they ever did reaching out to @SenLouiseLucas early?”
Lucas reposted the message but to be fair there were overtures from Monumental Sports to have early discussions with Lucas. It's clear a new arena was not part of her agenda at this time.
The arena deal fizzled with Leonsis meeting with Lucas and calling her a badass (according to Lucas) and Youngkin whining. Monumental Sports still has a $500 million commitment from the District of Columbia, where the Wizards and Capitals play, to renovate the downtown arena and surrounding area.
And perhaps Youngkin reintroduces a plan to build the sports arena and entertainment district in Alexandria, and in five years, maybe that’s where the Wizards and Capitals will eventually play though other hurdles remain.
But in the moment, Youngkin and Leonsis received a lesson in Politics 101.
Follow NBA reporter Jeff Zillgitt on social media @JeffZillgitt
veryGood! (71776)
Related
- Jamie Foxx reps say actor was hit in face by a glass at birthday dinner, needed stitches
- Thai court says popular politician Pita Limjaroenrat didn’t violate law, can remain a lawmaker
- Gypsy Rose Blanchard and Husband Ryan Anderson Welcome Cute New Family Member
- Union membership hit a historic low in 2023, here's what the data says.
- Whoopi Goldberg is delightfully vile as Miss Hannigan in ‘Annie’ stage return
- Ford recalls over 1.8 million Explorer SUVs for windshield issue: See which cars are affected
- Christopher Nolan on ‘Oppenheimer’ Oscar success: ‘Sometimes you catch a wave’
- Disney asks for delay in DeSantis appointees’ lawsuit, as worker describes a distracted district
- Costco membership growth 'robust,' even amid fee increase: What to know about earnings release
- Federal officials consider adding 10 more species, including a big bumble bee, to endangered list
Ranking
- Elon Musk's skyrocketing net worth: He's the first person with over $400 billion
- The Best Colognes for Men You Won’t Regret Shopping, Just in Time for Valentine’s Day
- Long penalized for playing at Coors Field, Todd Helton finally gets his due with Hall of Fame nod
- 60-feet sinkhole opened in Florida front lawn, leaving neighbors nervous
- Working Well: When holidays present rude customers, taking breaks and the high road preserve peace
- Thousands of people are forced out of their homes after 7.1 quake in western China
- He left high school to serve in WWII. Last month, this 96 year old finally got his diploma.
- Sri Lanka passes bill allowing government to remove online posts and legally pursue internet users
Recommendation
Jorge Ramos reveals his final day with 'Noticiero Univision': 'It's been quite a ride'
Death toll in southwestern China landslide rises to 34 and 10 remain missing
A record-size blanket of smelly seaweed could ruin your spring beach trip. What to know.
2024 tax refunds could be larger than last year due to new IRS brackets. Here's what to expect.
What do we know about the mysterious drones reported flying over New Jersey?
Nearly 1.9 million Ford Explorers are being recalled over an insecure piece of trim
Missouri’s GOP Gov. Parson reflects on past wins in his final State of the State address
California woman who fatally stabbed boyfriend over 100 times avoids prison