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D.C. mayor touts bond rating in arena bid

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D.C. mayor touts bond rating in arena bid


A proposed plan to build a $2 billion arena complex in Northern Virginia through a public-private partnership that would move two major league sports franchises out of Washington D.C .is attracting pushback from state legislators, local residents, and Washington’s mayor who’s offering $500 million in renovations to the team’s current home.  

“The city would leverage our triple-A bond rating to borrow without raising taxes or displacing any planned capital projects,” said D.C. Mayor Muriel Bowser, via an op-ed in The Washington Post last Friday.  “The result would be a new, more profitable, state-of-the-art urban arena, with improved corporate suites and more and better entertainment options.”  

Last week, the Virginia House Appropriations Committee voted 17-3 to advance legislation to create a stadium authority that would issue about $1.5 billion of bonds. The revenue for paying down the debt would come from ticket taxes, parking fees, concession taxes, income taxes levied on athletes performing at the arena, and naming rights.

“The city would leverage our AAA bond rating to borrow without raising taxes or displacing any planned capital projects,” said Democratic DC Mayor Muriel Bowser. “The result would be a new, more profitable, state-of-the-art urban arena, with improved corporate suites and more and better entertainment options.”  

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Despite the vote, opposition remains. Democratic State Sen. L. Louise Lucas, who chairs the Senate Finance and Appropriations Committee, was quoted on X (formerly known as Twitter) Monday saying, “The more we use the reputation of the Commonwealth to finance billionaires’ projects, the more we risk not being able to finance our own projects.”

Lucas represents Portsmouth, one of the cities making up the Hampton Roads area which charges tolls for several water crossings that thread the area together. Tolls went up in January as Lucas searches for relief in Richmond.    

The plan for a new arena complex includes underground parking, practice facilities, offices, media studios, a fan plaza and a performing arts venue. Future development is also being eyed for the area on the western border of the site which is dominated by strip shopping centers and surface parking lots.

The site is near the desirable Del Ray neighborhood in Alexandria where opposition has arisen due to traffic and noise concerns along with skepticism about the complex generating enough revenue to service the debt. 

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“We believe along with a lot of sports economists, who believe that most of these projects generally are money losers, and don’t generate anywhere near the revenue that they claim they will,” said local resident Andrew Macdonald. Macdonald is a former Alexandria vice mayor and former city council member now working as organizer of the Coalition to Stop the Arena at Potomac Yard.  “Hence, at some point, somebody’s going to owe something.”

The proposed deal was officially announced last December by Republican Gov. Glenn Youngkin and Ted Leonsis, whose firm, Monumental Sports & Entertainment owns the Washington Capitals of the National Hockey League and the NBA’s Washington Wizards. 

If the deal happens, the teams will move across the river to brand new facilities built from scratch on a 12-acre site in Potomac Yard, a former rail hub that straddles Arlington County and the city of Alexandria. 

The arena jockeying happening in the D.C. area reflects a national trend of metropolitan areas tapping public financing to build new sports facilities that offer luxury class amenities. 

In Nashville, the NFL’s Tennessee Titans will be getting a new home thanks to a combination of over $700 million in local bonds and $500 million in state paper. Their current stadium is still on the hook for $30 million in public debt. 

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Last December the Indianapolis City Council voted to finance Eleven Park, a $1.5 billion mixed-use development anchored by a minor-league soccer stadium, that will be partially funded through bonds issued by the Indianapolis Local Public Improvement Bond Bank.

The D.C. mayor also alluded to existing lease requirements that may come into play. “We intend to keep our end of the bargain and enforce the leases with Monumental that require the Wizards and Capitals to play at the arena through 2047 and the (WNBA) Mystics to play in Congress Heights through 2037,” she said in the op-ed. 



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D.C. police investigating fatal Saturday morning stabbing in Columbia Heights

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D.C. police investigating fatal Saturday morning stabbing in Columbia Heights


A man was stabbed to death in Northwest D.C. early Saturday morning, according to D.C. police.

SEE ALSO | Police shoot knife-wielding individual at Fairfax Wawa

Officers responded to the 2900 block of 14th Street NW shortly before 1:00 a.m., where the victim was pronounced dead at the scene.

SEE ALSO | Teen hospitalized following Friday night shooting in northeast D.C.

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Anyone with information about the incident is urged to contact the police at (202) 727-9099 or text a tip to 50411.

Additional details were not immediately available.



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Storm Team4 Forecast: Scattered showers and storms possible Saturday PM

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Storm Team4 Forecast: Scattered showers and storms possible Saturday PM


4 things to know about the weather:

  1. Beneficial rain
  2. Muggy, warm temperatures to start the weekend
  3. Scattered afternoon showers & a few storms again Saturday
  4. Drier and nice for Sunday

There’s a 40% chance of showers and a few storms in the afternoon and evening Saturday.

Sunday looks like it will bring the best weather of the weekend. We’ll start to see some cooler, drier air come in.

Big-time heat may be coming right back to the D.C. area by Wednesday of next week.

Weather radar

Download the NBC Washington app on iOS and Android to check the weather radar on the go.

10-day forecast

QuickCast

SATURDAY:
Partly sunny
Muggy
Scattered showers & storms (40% chance)
Highs: middle 80s

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SUNDAY:
Decreasing clouds
Lower humidity
Highs: mid 80s

MONDAY:
Mostly sunny
Highs: upper 80s

SUNSET: 8:35 p.m.
AVERAGE HIGH: 89° // AVERAGE low: 72°

Stay with Storm Team4 for the latest forecast. Download the NBC Washington app on iOS and Android to get severe weather alerts on your phone.



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ASGCU leaders celebrate country’s 250th birthday at national conference – GCU News

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ASGCU leaders celebrate country’s 250th birthday at national conference – GCU News


Associated Students of GCU President Judah Floyd (left) and Vice President Gracie Zimbardi (right) participated in a workshop with Arizona Congressman Eli Crane at the Campus Victory Forum conference in Washington, D.C.

Washington, D.C., has been a popular spot this summer, especially since it’s the nation’s 250th anniversary. And it’s where many Grand Canyon University students have traveled, including the campus’s student body leaders.

Associated Students of GCU President Judah Floyd and Vice President Gracie Zimbardi traveled to Washington, D.C., to participate in the Campus Victory Forum conference and celebrate the country’s 250th anniversary of signing the Declaration of Independence.

“It was a humbling opportunity to be able to represent GCU and be poured into by so many admirable Christian leaders,” Floyd said. “It reminds me of the leader I want to be as a Christ follower and as someone who’s been put in a position to have influence on the students of GCU.”

Outside of conference sessions, Judah Floyd and Gracie Zimbardi explored Washington, D.C.

The three-day conference was organized by Campus Victory, an organization empowering collegiate leaders to step into civic engagement. It featured workshops, sessions and activities that equipped students with practical tools to step into their leadership roles.

Roughly 250 student leaders from universities all around the country traveled to the nation’s capital for the conference, where they met and heard from politicians and community leaders, including U.S. Rep. Eli Crane of Arizona.

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He addressed the young crowd with a personal testimony about his experience in public leadership and gave an empowering message from 1 Timothy 4:12, which reads, “Don’t let anyone look down on you because you are young, but set an example for the believers in speech, in conduct, in love, in faith and in purity.”

He encouraged students to boldly press on in their positions despite their young age.

Sharing a home state with Crane was made extra special to Floyd and Zimbardi when Crane invited all Arizona students backstage to meet and have conversations with him.

“He was phenomenal,” Zimbardi said. “He talked about how being firm in our faith is so important in this time, and though we are young leaders, we do have the knowledge, experience and people to look up to, so use it. It was so inspiring to hear from him.”

Gracie Zimbardi (left) displayed her patriotism with student leaders from other universities.

When sessions concluded, students explored significant landmarks, including memorials, museums, and federal and local government buildings.

Everything was decked out in red, white and blue, with flags and banners hanging everywhere to commemorate the milestone anniversary.

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Celebratory events unfolded one after another on Independence Day, finishing with the largest fireworks show in history. Some 850,000 pyrotechnic effects were detonated over 40 minutes, with thousands gathered for the once-in-a-lifetime event.

Floyd waited five hours in line to attend Salute to America 250, which concluded yearlong celebratory festivities. The six-hour event on the National Mall featured presidential remarks, musical performances and military flyovers.

While in Washington, D.C., Judah Floyd (center) met with other student leaders.

“President Donald Trump talked about how America is really a land of people of faith and people who overcome challenges time after time,” Floyd said. “It really rekindled in us the spirit of liberty that we all carry as Americans and the importance of defending that liberty for generations to come.”

Military veterans were brought onstage and honored for their commitment to serving the country. Flags from every generation of America were displayed, and singer Lee Greenwood led the crowd in singing “God Bless the U.S.A.”

The World Cup was happening at the same time. While Floyd and Zimbardi were in Washington, D.C., they witnessed another level of patriotism when a Team USA vs. Bosnia and Herzegovina watch party, complete with a projector screen, was organized in front of the U.S. Congress.

“Thousands of people all wearing U.S.A. jerseys were shouting and screaming and spraying water in the sky when we scored a goal. It was deafening,” Floyd said.

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Judah Floyd and Gracie Zimbardi celebrated the Fourth of July in Washington, D.C., with student leaders from around the country.

As the start of academic year approaches, Floyd and Zimbardi’s tenure as student body president and vice president will soon commence.

The duo said that participating in the Campus Victory Forum conference, networking with student body presidents and vice presidents from other universities, and witnessing everyone’s patriotism prepared them to lead with passion and boldness.

“It means a lot to me that someone in this organization thought of us, GCU, and said, ‘We need them there.’ Zimbardi said. “It was really unique hearing from other students about how they do things at other universities.

“We got to sit down and spitball back and forth. We talked about things like, ‘Wow, that’s what works for you? We are struggling in that area, do you mind if we try it?’ Having conversations like that is extremely helpful, and it is cool how unified we can all become.”

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