Monumental Sports & Entertainment CEO Ted Leonsis had preliminary discussions with Maryland Governor Wes Moore about an arena project after the Va. General Assembly didn’t include it in its budget, according to Andy Kostka and Pamela Wood of the Baltimore Banner.
As we have written previously, the arena project is NOT dead. It won’t be dead until Monumental officially decides to keep the Washington Wizards and Capitals at Capital One Arena, their current home.
However, for ultrawealthy business owners like Leonsis, it is difficult to see them give up when a coveted project hits its first roadblock.