Leonsis Weighs Wizards, Capitals Move; MD Relocation Unlikely Despite DC's $500M Bid

March 23, 2024
Leonsis Weighs Wizards, Capitals Move; MD Relocation Unlikely Despite DC's $500M Bid
  • Ted Leonsis is considering relocating the Washington Wizards and Capitals.

  • Leonsis's initial plans for a Virginia move have encountered obstacles.

  • Maryland, through Governor Wes Moore, is in talks with Leonsis but has not yet proposed an incentive deal.

  • D.C. Mayor Muriel E. Bowser has offered $500 million in public funds to retain the teams in the district.

  • Despite discussions, a move to Maryland is not imminent.

  • Leonsis had previously announced a $2 billion development plan in Virginia, yet the teams' future location is still in flux.

Summary based on 1 source


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