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

D.C. Mayor Muriel Bowser has submitted a new bill to the D.C. Council to transfer ownership of Capital One Arena, home of the Washington Capitals and Wizards, to the city, WTOP has learned.

Washington, D.C. Mayor Muriel Bowser and Chief Executive Officer of Monumental Sports & Entertainment (MSE) Ted Leonsis announced Monday that legislation was submitted to purchase Capital One Arena. The submitted legislation,

More than six months after Mayor Muriel Bowser and Monumental Sports CEO Ted Leonsis struck a deal to keep the Washington Capitals and Wizards in DC, the full details of their agreement have been made public.

D.C. Mayor Muriel Bowser has proposed legislation to buy Capital One Arena in Downtown D.C. for $87.5 million. The $87.5 million is part of a $515 million deal, which would all be put toward upgrades and improvements to the arena,

D.C. Mayor Muriel E. Bowser has submitted legislation to the council to buy Capital One Arena for $87.5 million.

Washington, D.C. Is taking another step in its effort to keep the Capitals and Wizards in the city for years to come. Mayor Bowser is now proposing buying Capital One Arena.

D.C. Mayor Muriel Bowser has proposed legislation to buy Capital One Arena for $87.5 million after months of negotiations to keep the Washington Capitals and Wizards playing in the District. The $87.5 million is part of a $515 million deal to transform the downtown arena and the Gallery Place complex next door and keep the teams in D.