Arena

Washington Wizards & Capitals owner wants everyone to know how much the community is atop his mind

Last year, local taxpayers provided Leonsis with $515 million of taxpayer money to purchase and renovate the arena. Washington, DC, an area that was deep into an economic crisis last year and still is this year, gave a man with a net worth of $4 billion that amount of money? In fact, why on earth is DC buying the arena? Oh, that is right..."so Leonsis and his partners won't have to pay taxes on the $515 million the city is giving them." When someone brought up the absurdity of this entire transaction, Leonsis claimed that he "shouldn't have to…

Arena

Speaking of business done in secret, Washington D.C. officials clearly broke the open meetings law

Last week, the city of Alexandria pulled out of negotiations with the Ted Leonsis, owner of the Washington Capitals & Wizards, on his plan to move to Alexandria, Virginia. This killed the deal. One of the reasons the deal was scuttled was due to the Governor of Virginia trying to force the state legislature to accept a “take it or leave it, already-done deal that they can’t kick the tires on and look under the hood on before voting”. In didn't take more than 24 hours for Leonsis to agree to an extension to stay in D.C. until 2050,…