SSHoya
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"Forget it Jake, it's Chinatown."
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Post by SSHoya on Mar 12, 2024 18:28:23 GMT -5
Look out on the horizon, just a few weeks from now, and you see something shimmering in the distance, something that could be a balm to almost everyone who’s been involved in the saga of the proposed new arena for the Washington Wizards and Washington Capitals in Virginia. A mulligan. A chance for Ted Leonsis and D.C. Mayor Muriel Bowser to repair what each had a hand in breaking: the good faith of a city that needs, more than anything else right now, effective leadership. theathletic.com/5275584/2024/03/12/wizards-capitals-arena-washington-dc-leonsis/
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metaphor
Century (over 100 posts)
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Post by metaphor on Mar 13, 2024 10:43:08 GMT -5
I don't know Leonsis, but wonder how mad he is that his number two, Monica Dixon, failed to get this through. She is a supposedly top political operator with deep connections to several Virginia officials. In the Post article linked above it sounds like Leonsis/Dixon took the bad advice of Youngkin in not reaching out sooner: Although Youngkin regularly contacted Lucas with phone calls or through his staff on the arena and other matters, three people familiar with the situation said Leonsis delayed meeting with Lucas, in particular, because of guidance from the governor’s team. Yes they deferred to Youngkin. But Leonsis pays these experts to tell him when they need to ignore the Governor and lobby others. Otherwise why pay them.
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metaphor
Century (over 100 posts)
Posts: 201
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Post by metaphor on Mar 13, 2024 10:44:36 GMT -5
Look out on the horizon, just a few weeks from now, and you see something shimmering in the distance, something that could be a balm to almost everyone who’s been involved in the saga of the proposed new arena for the Washington Wizards and Washington Capitals in Virginia. A mulligan. A chance for Ted Leonsis and D.C. Mayor Muriel Bowser to repair what each had a hand in breaking: the good faith of a city that needs, more than anything else right now, effective leadership. theathletic.com/5275584/2024/03/12/wizards-capitals-arena-washington-dc-leonsis/I hope so. But guessing Leonsis won't until the Potomac Yards deal is "stick a fork in it" dead.
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SSHoya
Blue & Gray (over 10,000 posts)
"Forget it Jake, it's Chinatown."
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Post by SSHoya on Mar 14, 2024 10:02:12 GMT -5
$730 rooms, $75 parking: Youngkin’s own report calls arena forecasts rosy A plan to build a sports arena in Northern Virginia depends on more than a billion dollars in taxes and fees generated at the facility to fund its construction — but those figures rely on some aggressive assumptions, including unprecedented prices for high-end hotels, according to an analysis commissioned by Virginia Gov. Glenn Youngkin’s administration that has not been released to the public. Yet the Feb. 28 analysis, conducted by the Maryland-based public finance consulting firm MuniCap Inc. and obtained by The Washington Post, discloses for the first time that the financing plan assumes thousands of fans will pay $75 for parking, the teams’ owner will host 53 more events annually in Alexandria than it did last year at its current D.C. arena, and a new luxury hotel will book rooms at a “historically unprecedented” rate of $731 a night. www.washingtonpost.com/dc-md-va/2024/03/14/virginia-arena-financial-economic-impact-youngkin/
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RusskyHoya
Diamond Hoya (over 2500 posts)
In Soviet Russia, Hoya Blue Bleeds You!
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Post by RusskyHoya on Mar 20, 2024 9:57:59 GMT -5
Oh Ted...
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jpj
Bulldog (over 250 posts)
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Post by jpj on Mar 20, 2024 16:10:28 GMT -5
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BSM
Bulldog (over 250 posts)
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Post by BSM on Mar 20, 2024 16:13:29 GMT -5
I live in NYC so we're stuck with Jimmy Dolan but we all know he is an incompetent idiot and it took an offer to good to refuse to get Fred Wilpon to let go of the Mets but what is in the water in DC? Neither Leonsis or the Lerners seem to know what they're doing and it took the League to force Snyder out
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RusskyHoya
Diamond Hoya (over 2500 posts)
In Soviet Russia, Hoya Blue Bleeds You!
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Post by RusskyHoya on Mar 21, 2024 20:59:56 GMT -5
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RusskyHoya
Diamond Hoya (over 2500 posts)
In Soviet Russia, Hoya Blue Bleeds You!
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Post by RusskyHoya on Mar 22, 2024 12:33:25 GMT -5
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RusskyHoya
Diamond Hoya (over 2500 posts)
In Soviet Russia, Hoya Blue Bleeds You!
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Post by RusskyHoya on Mar 24, 2024 9:13:56 GMT -5
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DFW HOYA
Platinum Hoya (over 5000 posts)
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Post by DFW HOYA on Mar 24, 2024 9:28:31 GMT -5
If some of y'all thought Potomac Yard was too inconvenient, I can't wait to hear what you think about playing out in Tysons: Also on the long-shot list: Laurel Race Course. Was once a potential site for Jack Kent Cooke and the Redskins, with some talk that an arena for Abe Pollin could have been accommodated as as well. www.wbaltv.com/article/maryland-lawmakers-hear-pimlico-race-course-bill/60246606
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coach98
Century (over 100 posts)
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Post by coach98 on Mar 25, 2024 15:53:47 GMT -5
Can someone please explain the importance of timing to this deal? I realize that time tends to kill deals, but why can't Ted wait for the next legislative session to get this done?
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SSHoya
Blue & Gray (over 10,000 posts)
"Forget it Jake, it's Chinatown."
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Post by SSHoya on Mar 25, 2024 16:23:59 GMT -5
Can someone please explain the importance of timing to this deal? I realize that time tends to kill deals, but why can't Ted wait for the next legislative session to get this done? I'm no expert on the Virginia budget process but it may be because of this: Virginia operates under a two-year (biennial) budget cycle. Each year the Governor prepares the proposed budget bill for introduction by the General Assembly. The bill is initially adopted in even-numbered years and amended in odd-numbered years. In order for the deal to progress this year, Youngkin would need to propose an amendment to the budget bill, which the chambers would then vote on at the April 17 session, or call a special legislative session. But Stephen Farnsworth, a political science professor at the University of Mary Washington—and a longtime Virginia General Assembly watcher—said it was unlikely such a move would be successful. “Trying to add the stadium deal to the legislature’s budget plan only means that the Senate would reject that project again,” Farnsworth told Washingtonian. “The governor wants a legacy, and the Democratic majorities can just wait him out—he only has one more session as governor after this year’s session concludes.” “The fact that there is no deal yet may mean there won’t be a deal at all,” Farnsworth added. www.washingtonian.com/2024/03/07/so-is-the-potomac-yard-stadium-deal-dead/He cannot run for re-election so the next budget will be under the next Virginia governor in 2026. Virginia Governors have been barred from immediate re-election since the adoption of Virginia's second constitution, in 1830. However, a former governor is permitted to run for a second term in a future election. Only two governors since 1830, William Smith and Mills Godwin, were elected to additional terms.
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RusskyHoya
Diamond Hoya (over 2500 posts)
In Soviet Russia, Hoya Blue Bleeds You!
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Post by RusskyHoya on Mar 25, 2024 21:39:14 GMT -5
Can someone please explain the importance of timing to this deal? I realize that time tends to kill deals, but why can't Ted wait for the next legislative session to get this done? I'm no expert on the Virginia budget process but it may be because of this: Virginia operates under a two-year (biennial) budget cycle. Each year the Governor prepares the proposed budget bill for introduction by the General Assembly. The bill is initially adopted in even-numbered years and amended in odd-numbered years. In order for the deal to progress this year, Youngkin would need to propose an amendment to the budget bill, which the chambers would then vote on at the April 17 session, or call a special legislative session. But Stephen Farnsworth, a political science professor at the University of Mary Washington—and a longtime Virginia General Assembly watcher—said it was unlikely such a move would be successful. “Trying to add the stadium deal to the legislature’s budget plan only means that the Senate would reject that project again,” Farnsworth told Washingtonian. “The governor wants a legacy, and the Democratic majorities can just wait him out—he only has one more session as governor after this year’s session concludes.” “The fact that there is no deal yet may mean there won’t be a deal at all,” Farnsworth added. www.washingtonian.com/2024/03/07/so-is-the-potomac-yard-stadium-deal-dead/He cannot run for re-election so the next budget will be under the next Virginia governor in 2026. Virginia Governors have been barred from immediate re-election since the adoption of Virginia's second constitution, in 1830. However, a former governor is permitted to run for a second term in a future election. Only two governors since 1830, William Smith and Mills Godwin, were elected to additional terms. I would add that the Alexandria mayoral and City Council elections this fall could return anti-arena leaders. www.alxnow.com/2024/03/25/anti-arena-candidate-jonathan-huskey-enters-race-for-alexandria-city-council/
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metaphor
Century (over 100 posts)
Posts: 201
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Post by metaphor on Mar 26, 2024 9:05:07 GMT -5
Can someone please explain the importance of timing to this deal? I realize that time tends to kill deals, but why can't Ted wait for the next legislative session to get this done? I'm no expert on the Virginia budget process but it may be because of this: Virginia operates under a two-year (biennial) budget cycle. Each year the Governor prepares the proposed budget bill for introduction by the General Assembly. The bill is initially adopted in even-numbered years and amended in odd-numbered years. In order for the deal to progress this year, Youngkin would need to propose an amendment to the budget bill, which the chambers would then vote on at the April 17 session, or call a special legislative session. But Stephen Farnsworth, a political science professor at the University of Mary Washington—and a longtime Virginia General Assembly watcher—said it was unlikely such a move would be successful. “Trying to add the stadium deal to the legislature’s budget plan only means that the Senate would reject that project again,” Farnsworth told Washingtonian. “The governor wants a legacy, and the Democratic majorities can just wait him out—he only has one more session as governor after this year’s session concludes.” “The fact that there is no deal yet may mean there won’t be a deal at all,” Farnsworth added. www.washingtonian.com/2024/03/07/so-is-the-potomac-yard-stadium-deal-dead/He cannot run for re-election so the next budget will be under the next Virginia governor in 2026. Virginia Governors have been barred from immediate re-election since the adoption of Virginia's second constitution, in 1830. However, a former governor is permitted to run for a second term in a future election. Only two governors since 1830, William Smith and Mills Godwin, were elected to additional terms. This is spot on.
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RusskyHoya
Diamond Hoya (over 2500 posts)
In Soviet Russia, Hoya Blue Bleeds You!
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Post by RusskyHoya on Mar 27, 2024 14:56:39 GMT -5
Lol
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coach98
Century (over 100 posts)
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Post by coach98 on Mar 27, 2024 15:07:55 GMT -5
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SSHoya
Blue & Gray (over 10,000 posts)
"Forget it Jake, it's Chinatown."
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Post by SSHoya on Mar 27, 2024 15:15:52 GMT -5
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thedragon
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Post by thedragon on Mar 27, 2024 16:04:55 GMT -5
It always amazes me when you see a Billionairre businessman be sh*tty at business deals. But it seems to happen quote often.
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DFW HOYA
Platinum Hoya (over 5000 posts)
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Post by DFW HOYA on Mar 27, 2024 16:08:07 GMT -5
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