Wizards, Capitals proposed move not permitted for at least another 24 years, DC attorney general argues

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Earlier this month, Washington Wizards owner Ted Leonsis and Virginia Gov. Glenn Youngkin announced plans to move the Wizards out of Washington, D.C., in favor of a multi-billion sports and entertainment complex located on the other side of the Potomac River.

A new arena for the Wizards and the Washington Capitals, the city's NHL franchise, could be constructed in the Potomac Yard area in nearby Alexandria, Virginia. The project will be funded under a public-private partnership and would likely break ground in 2025, per Youngkin’s office. The project's tentative completion date is scheduled for late 2028.

But, the District of Columbia attorney general recently presented a potential roadblock. Brian Schwalb wrote a letter to Monumental Sports and Entertainment, the Wizards and Capitals parent organization, arguing that sports franchises have to remain in the downtown arena through atleast 2047.

Schwalb also asserted in the letter, which was obtained by The Associated Press on Friday, the district's attorney general cited a 2007 bond agreement for renovations that extended the teams’ lease for 20 more years beyond the initial timeframe through 2027.

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The proposed move of the Capitals and Wizards sports teams to nearby Virginia has stoked concern in a pair of fragile Washington neighborhoods. . (AP Photo/Alex Brandon)

Aside from the potential bond agreement issues, the $2 billion plan for the new arena and entertainment district also faces challenges in the Virginia legislature.

Earlier this month, Virginia Democratic Sen. L. Louise Lucas used her perch as chair of the Finance and