Under the proposal, the city, which already owns the land under the arena, would buy the building for $87.5 million.

Washington, D.C. Mayor Muriel Bowser has proposed legislation to purchase Capital One Arena for $87.5 million.

The renovations are expected to be done by the 2027-28 season for the Capitals, and will cost $800 million in total.

Washington, D.C. Mayor Muriel Bowser and Chief Executive Officer of Monumental Sports & Entertainment (MSE) Ted Leonsis ...

Monumental Sports & Entertainment and Washington, D.C., Mayor Muriel Bowser announced that they will formally propose ...

WASHINGTON — After months of negotiations to keep the Washington Wizards and Capitals in D.C., Mayor Muriel Bowser wants to ...

More than six months after Mayor Muriel Bowser and Monumental Sports CEO Ted Leonsis struck a deal to keep the Washington ...

News asked Monday if EDENS is playing any role in the proposed deal for the District to purchase Capital One Arena and lease ...

The arena revamp will include a 200K SF expansion into Gallery Place, 65% more concession space and 60% larger athlete ...

DC Mayor Muriel Bowser wants to keep the Wizards in Capital One Arena, and she's willing to shell out some serious cash to ...

The District refused some of Ted Leonsis’ strangest asks as it struck a Capital One Arena deal to keep the Wizards and ...

Six months since a deal was struck to keep the Capitals and Wizards in D.C., the modernization of Capital One Arena is now ...