DC Council approves bill allocating $515M to Capital One Arena project

The D.C. Council has approved an emergency bill that will provide $515 million for a publicly funded arena project after Virginia Gov. Glenn Youngkin’s plan to lure the NBA’s Washington Wizards and NHL’s Washington Capitals to Alexandria imploded last week.

Virginia lawmakers divided over proposal to relocate Capitals, Wizards

Top Democrats in the Virginia Senate have dealt a blow to legislation to help pave the way for the NBA’s Washington Wizards and NHL’s Washington Capitals to relocate to northern Virginia, refusing to docket the bill for a hearing and expressing serious reservations Monday about the financing of the proposed deal.