Virginia
Virginia's multibillion-dollar plan to lure the Wizards and Capitals away from DC clears first hurdle in legislature
Legislation underpinning a plan to relocate the NBA’s Washington Wizards and NHL’s Washington Capitals across the Potomac River to northern Virginia easily cleared an early hurdle in the state legislature Friday.
Lawmakers on the Virginia House Appropriations Committee voted 17-3 to advance the measure, a top priority of Republican Gov. Glenn Youngkin, to the floor of the House of Delegates. Though the bill passed overwhelmingly, several senior Democratic legislators took care to say that their support for the measure at this point was in the interest of keeping negotiations over the deal going.
“This process is going to take the rest of our session at a minimum to enact or not enact this legislation,” Democratic Del. Mark Sickles of Fairfax County, who supported the bill, said before the committee vote.
The legislation could result in a legacy-defining project for Youngkin, a former college basketball player. Virginia is the nation’s most populous state without a major pro-sports franchise, something government officials of both parties over the course of decades have sought to change.
Youngkin and entrepreneur Ted Leonsis, an ultrawealthy former AOL executive and the CEO of the teams’ parent company, Monumental Sports and Entertainment, announced in December that they had reached an understanding on a deal to relocate the Capitals and Wizards.
The plan calls for the creation of a $2 billion development in the Potomac Yard section of Alexandria that would include an arena, practice facility and corporate headquarters for Monumental, plus a separate performing arts venue, all just miles from Capital One Arena, where the teams currently play in Washington.
Monumental and the city of Alexandria would put in upfront money under the terms of the deal, but about $1.5 billion would be financed through bonds issued by a governmental entity this year’s legislation would create.
The bonds would be repaid through a mix of revenues from the project, including a ticket tax, parking fees, concession taxes, income taxes levied on athletes performing at the arena, and naming rights from the district, among other sources. Proponents say those sources will more than cover the debt. But about a third of the financing would be backed by the “moral obligation” of the city and state governments, meaning taxpayers could be on the hook if the project revenues don’t come through as expected.
Critics of the project, including some who spoke against the bill Friday, asked why any tax subsidy was appropriate.
“This is a bad deal for every taxpayer in Virginia. We are saddling our children and grandchildren with 40 years of debt payments to help a billionaire get wealthier and wealthier,” said Andrew Macdonald, a former Alexandria city council member and an organizer of the Coalition to Stop the Arena at Potomac Yard, which held a rally on Capitol Square a day earlier.
The committee advanced a substitute version of the legislation that was initially introduced by Democratic Del. Luke Torian. It included a newly added provision that would require legislators to sign off on the deal again next year in order for the legislation to go into effect, something critics of the project cheered.
Monica Dixon, president of external affairs and chief administrative officer for Monumental, said the company was “very pleased” with Friday’s developments.
“We’ll take a look at it, but don’t expect we’ll have any major concerns,” Dixon said of the revised bill, which is likely to see further revisions as it goes through the legislative process.
Democratic legislative leaders, who control the General Assembly, have generally signaled openness or even optimism about the passage of the arena legislation this year. But they have stopped short of a full-throated endorsement of the project, both citing concerns still to be worked out and making clear the proposal is a bargaining chip in broader discussions about their own priorities.
Sen. L. Louise Lucas, who chairs the Senate finance committee, has said she wants consideration of increased public school funding, toll relief for her Hampton Roads region and legalized recreational cannabis sales in conjunction with the arena deal.
A Senate committee had at one point been expected to take up that chamber’s version of the bill on Thursday. But the hearing was delayed, and by Friday afternoon it was unclear when the bill might be heard ahead of Tuesday’s “crossover” deadline by which non-budget bills need to clear their chamber of origin.
Senate Majority Leader Scott Surovell, the sponsor of that chamber’s bill, said in a text message that his caucus is still working to reach consensus about changes to the legislation as introduced.
Many critics of the project have focused on the transportation impacts in an already congested part of Virginia.
The state released a transportation plan last week to address Alexandria residents’ concerns about traffic. Officials say they will commit $200 million to transportation improvements in the corridor, which is already seeing expanded use with a new Amazon headquarters and a new Virginia Tech campus under construction.
The plan seeks to have half of arena patrons arrive by transit, bike or walking and relies heavily on a newly built, $370 million Potomac Yard Metro station. But plan data shows that the station, as currently configured, would be overwhelmed at peak hours on game nights with “extreme crowding” lasting for 60 to 90 minutes.
The plan estimates that improvements to the station and increased service could reduce crowding to 30 to 45 minutes.
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Barakat reported from Falls Church, Virginia.
Virginia
Penn State transfer opens the door for a James Franklin reunion at Virginia Tech
Things are beginning to slow down for James Franklin since being hired at Virginia Tech in November. Sure, you can say that it never really slows down for a college football coach, but since signing his contract in Blacksburg, he has made major strides in recruiting, bringing the Hokies from near the bottom of the FBS to a Top 25 class with the Class of 2026.
Franklin has also been building his first staff at Virginia Tech. In both cases, recruiting and coaching additions, he has gone back to his Penn State roots to pluck both recruits and coaches. Heck, he is even reportedly bringing back former Virginia Tech head coach Brent Pry, who was fired in September to open the door for Franklin to come to Tech, as his defensive coordinator.
The transfer portal opens up next month, and there are going to be several needs that Franklin and his staff are going to have to address. There are going to be several portal targets, and one of them announced he was leaving Penn State and made it clear that he was thankful for Franklin for his time in State College. Is it a sign of things to come when he enters the portal?
Penn State transfer Chaz Coleman opens door for reunion with James Franklin
It was reported by Hayes Fawcett of Rivals and On3 that five-star Penn State edge Chaz Coleman was entering the transfer portal. Coleman quoted the post on X, formerly known as Twitter, and made it a point to thank Franklin and his staff for believing in him.
“After much thought and consideration, I have decided to enter the transfer portal this coming January to pursue other opportunities. I’d like thank James Franklin and his staff for believing in me and teaching me what it means to believe in myself,” Coleman wrote.
Coleman becomes one of the most coveted players when the portal opens, and the Warren, Ohio native will have no shortage of suitors. The 6-foot-4, 240-pound edge rusher played well as a freshman for the Nittany Lions with eight tackles in five games. Several of the top programs are going to be in on him. Don’t be surprised if Ohio State makes a major push for him.
As far as Virginia Tech goes, does Franklin get in the mix? That remains to be seen, but stranger things have happened. He would be a tremendous get for the Hokies, who need help along the defensive side of the ball along the line. Did he call out Franklin by coincidence, or is there an underlying message there? Most likely the first one, but we’ll see.
Virginia
Wachapreague Historic District named to Virginia Landmarks Register – Shore Daily News
Pictured: Wachapreague General Store. Photo credit- James Bell, 2021 Wachapreague General Store. Photo credit- James Bell, 2021
Virginia has added eight new sites to the Virginia Landmarks Register, recognizing places across the Commonwealth for their historic, architectural, and cultural significance, including a historic district on the Eastern Shore.
The Commonwealth’s Board of Historic Resources approved the designations during its quarterly public meeting on December 11 in Richmond. The Virginia Landmarks Register is the state’s official list of properties deemed important to Virginia’s history and heritage.
Among the newly designated sites is the Wachapreague Historic District. Encompassing 96 acres, the district includes the waterfront town of Wachapreague, which developed from the late 19th through the early 20th centuries as a destination for hunting and fishing and as a commercial hub with access to the Wachapreague Channel and the Atlantic Ocean.
The district features a concentration of residential and commercial buildings constructed in vernacular, Folk Victorian, and other architectural styles common to the Eastern Shore during the town’s period of growth. While Wachapreague’s population declined beginning in the 1960s, the town continues to attract visitors from across Virginia and beyond.
Other sites approved for listing include properties in Arlington, Bath, Frederick, Loudoun, and Pittsylvania counties; the city of Petersburg; and the town of Mount Jackson in Shenandoah County. Collectively, the new landmarks highlight a diverse range of resources, from a 20th-century airfield built for early commercial air travelers to a mill dam and mill pond complex that once served as a recreational and social center in Southwest Virginia.
The Virginia Department of Historic Resources will forward documentation for the newly listed sites to the National Park Service for consideration for inclusion in the National Register of Historic Places.
State and national register listings are honorary and do not place restrictions on private property owners. Instead, the designations are intended to encourage public understanding of Virginia’s historic places and provide property owners with the opportunity to pursue historic rehabilitation tax credits. Any tax credit projects must comply with the Secretary of the Interior’s Standards for Rehabilitation.
Virginia
Gov. Youngkin unveils final budget plan, touts Virginia’s economic strength
RICHMOND, Va. (WSET) — Governor Glenn Youngkin laid out his final budget plan on Wednesday, making his case for where Virginia stands financially and where he said it should go next.
Speaking before the General Assembly, Youngkin said Virginia is strong both financially and economically, arguing his budget keeps that momentum going as his term comes to an end.
Addressing lawmakers, Youngkin presented what he described as a turnaround for the commonwealth. “It’s a story of transformation, a story of promises made and promises kept,” Youngkin said.
The governor credited his administration with record business investment, job growth, and strong revenue. He said Virginia is in a better position now than it was four years ago.
“The pace has been fast, and the progress has been significant,” Youngkin said.
SEE ALSO: Lynchburg City Schools gifted plaque to commemorate 160 years of education
In his budget proposal, Youngkin calls for cutting taxes, not raising them, urging lawmakers and the next administration to stay the course.
“Revenue growth that is driven by record economic development, record job growth, strong consumer, and giving me great confidence in the future of Virginia,” he said.
Youngkin said his plan funds key priorities, including education, public safety, health care, tax relief, and child care, while keeping Virginia competitive for business.
“The net of it is a budget that is structurally sound. A budget that can take Virginia into the future and keep her soaring,” Youngkin said.
Youngkin is now asking lawmakers to adopt his budget framework as negotiations begin, with debate shifting to the General Assembly and the incoming governor’s administration.
“I think that leaves considerable upside for the next administration, and we’ve used that strong underpinning to provide for everything that the commonwealth needs to do,” Youngkin said.
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