Last July, there were rumors that Monumental Sports & Entertainment was in exploratory talks about moving the Washington Wizards and Capitals to a site in Arlington County, Va. But given Capital One Arena’s ideal location in the middle of D.C., it always made sense that Monumental would prefer to remain there, especially since they own the property.
On Friday, Sam Fortier of The Washington Post reported that Monumental asked the D.C. government for $600 million in public funding for the next four years, starting in 2024 so Capital One Arena would get a new renovation.