On Monday evening, D.C. Mayor Muriel Bowser and Monumental Sports & Entertainment CEO Ted Leonsis made a joint announcement about a $515 million deal to renovate Capital One Arena. In addition, Monumental Sports will also get an extra 200,000 square feet of space in Gallery Place to expand.
Bowser announced that the extra 200,000 square feet of space will be an opportunity for the Washington Wizards to build a new practice facility. If that space is not sufficient, the city would also offer another site.
With the Wizards moving to another site, Bowser also addressed one of Monumental Sports’ concerns with the Washington Mystics, who play at the Entertainment and Sports Arena which only seats 4,200 people.