Showing posts with label Ted Leonsis. Show all posts
Showing posts with label Ted Leonsis. Show all posts

Monday, December 18, 2023

Wizards And Capitals Should Stay In Washington

Let's get all of this out of the way before I start the point of this post. I live in Northern Virginia but not in Alexandria or particularly close to the proposed Potomac Yard site for a new arena for the Washington Capitals and Wizards. I've attended concerts, Wizards, Caps, and Georgetown basketball games over the 20+ years I've lived in the DC area, but I haven't been to the Capital One Arena in Washington since the pandemic started. So although the recent announcement about the Wizards and Caps moving from DC to Alexandria doesn't really impact me, why does it bother me so much?


By all accounts, the Gallery Place/Chinatown area of DC was completely revitalized by the building of the Capital One Arena (previously the MCI Center and Verizon Center) in the late 1990s. Between home games for the Wizards and Caps along with Georgetown basketball games, concerts, monster truck shows, etc., there are probably about 150 events at the arena each year. Taking away the Wizards and Caps will be absolutely devastating to the businesses in that neighborhood. Meanwhile, state and local taxpayers are going to be on the hook for $1.35 billion for the building of the new arena and entertainment complex in Alexandria, Virginia. This would be the largest public subsidy of a project of this kind. There is not currently adequate infrastructure in the Potomac Yard area, so we're talking about a significant investment needed in roads, though it's not clear if that's part of the $1.35 billion. In any event, I don't see how this is a good deal for Virginia residents. That's A LOT of money. And it's not like we're going to get free tickets or free parking. Ticket and parking prices aren't going to be cheap. Now all of this is a great deal for Caps and Wizards owner Ted Leonsis. This is a live look at Ted if this deal gets signed. 


The model for Potomac Yard is The Battery area in Cobb County, Georgia. The Atlanta Braves moved about 10 miles outside the city to an area with a new stadium and entertainment district. It's really nice. Several years after opening though, I'd love to know the economic impact on Atlanta, Cobb County, and the Atlanta Braves. Cobb County (and its taxpayers) put significant money into the area. Curious what the return on investment has been. Plus, what's the impact for the city of Atlanta and the area that housed Turner Field? (I don't remember there being much to do before or after a game outside Turner Field which differs from the area outside Capital One.)

To me, it just seems like the Wizards and Caps should play in Washington. Although Potomac Yard is only four miles from Capital One, it's a world away. 

Here are a few more videos about this potential move.


Tuesday, August 26, 2008

Capitals Ticket Increase

Since I moved to the Washington DC area several years ago, I have attended the Washington Capitals-Pittsburgh Penguins games whenever possible. There are thousands of other Pittsburgh transplants living in the area, so I have even arranged to buy group tickets through the Capitals for these games. For Capitals fans out there who aren’t happy about this arrangement of having Penguins fans buy tickets (that of course help pay the salaries of Mike Green, Alex Ovechkin and Cristobel Huet, I mean, Jose Theodore), you’ll be glad to know that there are generally a couple of token Caps fans as part of our group.

Anyway, a few weeks ago, I contacted my Caps’ ticket representative about purchasing tickets for the Penguins-Capitals games for the 2008-2009 season. Unlike the past few years, where we would receive discounted tickets for purchasing in bulk, this is not the case anymore. Apparently, the Penguins games as well as several other games during the season (I believe the Philadelphia Flyers and New York Rangers games, but I have not confirmed this) are now considered premium games. Therefore, not only are there no discounts for buying group tickets for the Penguins games, there is an additional cost of $15 per ticket. Furthermore, to purchase group tickets for the Penguins games, you would also have to buy group tickets for another non-premium game. So where last year tickets cost about $20 for a Pens-Caps game, you would now need to spend $65 for two games. While I would still consider paying the $65 for two games since I really enjoy watching Ovechkin play, I doubt that I can find enough people in my group who would be willing to spend this much when they really want to see Sidney Crosby, Evgeni Malkin and the Penguins.

I would say that I’m upset about this ticket increase, but I understand that Ted Leonsis needs to make some money. It’s not just Leonsis as this is part of sports today. I saw the Cincinnati Bengals do this a few years ago when they finally got tired of seeing tens of thousands of Steelers fans in their home stadium. In addition, the Student Rush program for Penguins games in Pittsburgh has been cut back dramatically. Until the end of last season, the only Capitals games I have seen sell out since I moved here are the Penguins games, primarily because of the influx of Pittsburgh fans buying tickets. Now that the Capitals are good for the first time in years, they feel like they can force fans to spend money on games that won’t draw as well (ex. Florida Panthers). They may be right too. Any hockey fan in Washington wants to see the Capitals and Penguins in person, so they will sell out regardless of the price. I guess that I’m just a little disappointed seeing that I have purchased tickets for the Capitals for the past few years, and now that they finally made the playoffs, the prices are going up.

Update: Puck Daddy, the best hockey blog out there, has more about the ticket increase.