Unexpected news broke yesterday, suggesting that the Washington Capitals were thinking about moving from their long-standing home in D.C. to Virginia, a development that took many by surprise.
Frank Seravelli shared an important update on the situation.
Capitals Considered Relocation, but D.C. Mayor's Move May Keep Them Home
The Mayor of D.C has made a significant announcement, pledging to pay for the renovation of the existing Capitals' arena.
"And, on the night news breaks about a press conference announcing the Capitals plan to move to Virginia - Washington DC mayor announces support for $500 million in renovations to their current home Capital One Arena."
This proposed plan reveals a substantial $500 million investment in renovating the Capital One Arena over a three-year period, with a commitment to extend the lease agreement until 2052.
It seems that the Mayor of D.C is determined to do whatever it takes to keep the Washington Capitals in D.C.
