Collapse of NBA, NHL arena deal prompts recriminations, allegations of impropriety in Virginia
Ted Leonsis' handshake deal with Republican Gov. Glenn Youngkin to relocate the teams to a taxpayer-backed arena in Alexandria, Va., collapsed Wednesday, weeks after a bumpy slog of a defeat in the Virginia General Assembly. Leonsis, apparently not willing to wait for a second shot in Virginia, reemerged in Washington, which had offered his Monumental Sports & Entertainment a more than half-billion-dollar US arena deal to stay.
Ted Leonsis' handshake deal with Republican Gov. Glenn Youngkin to relocate the teams to a taxpayer-backed arena in Alexandria, Va., collapsed Wednesday, weeks after a bumpy slog of a defeat in the Virginia General Assembly. Leonsis, apparently not willing to wait for a second shot in Virginia, reemerged in Washington, which had offered his Monumental Sports & Entertainment a more than half-billion-dollar US arena deal to stay.
