News
Tentative Deal Reached for Wizards Practice Facility
September 15, 2015
Washington Wizards owner Ted Leonsis and Mayor Bowser have reached a tentative deal to build a new practice facility for the team and an arena for the Mystics. The $56.3M project would be on the east campus of the former St. Elizabeths hospital. The city plans to build and own the facility while team ownership will contribute $10M to the neighborhood, one of the poorest areas of DC. Plans call for a modern training center for the NBA club and a 5,000-seat arena for the Mystics. Events DC will contribute $32.5M to the project and manage the property. [WaPo]
