Speculation: Acq./Rost. Bldg./Cap/Lines etc. Part LXX (2016 TDL Pre-Game Pt2)(2/29-Laich traded!!)

[Blades of Steel]

The beauty of having a large points lead, anything more than a minor injury can be rested/nursed if needed.

Let's hope it was or close to minor..

 

[Jacoby4HOF66]

Posted this in the Skins thread, but this article also involves a potential new home for the Caps.

DC Government is laying out proposals for re-developoing the RFK site today, 6 proposals to be exact. Two of the proposals involves a new stadium for the Skins. Surprisingly a new arena for the Wiz/Caps is also part of 1 or more proposals:

D.C. officials plan to unveil an array of possibilities for the future of the RFK Stadium property Monday night, among them a new 65,000-seat Redskins stadium and a basketball and hockey venue capable of replacing Verizon Center.

All the proposals include a raft of suggested recreation facilities for a city with a booming population, among them playing fields, a field house, a water park and a sports-and-entertainment complex that officials likened to Chelsea Piers in Manhattan.

Two of the six proposals, outlined by Events DC, the District’s sports-and-entertainment arm, lay out a path for the Redskins to return to the District, though serious obstacles remain should Mayor Muriel E. Bowser (D) and the D.C. Council move to reach a deal with owner Daniel M. Snyder.

Officials also said for the first time that they are considering the 190-acre riverfront property as a possible location for a 20,000-seat arena equipped to serve the Washington Wizards and Capitals.

Ted Leonsis, majority owner of those teams, has in recent years raised the prospect of relocating when their Verizon Center lease expires in 2027 — the same year Snyder’s lease expires at FedEx Field, where the Redskins began play in 1997.

https://www.washingtonpost.com/busi...tml?hpid=hp_local-news_rfk-9am:homepage/story

 

[Devil Dancer]

That's weird, Ted owns (most of) both the team and the stadium. What does the lease term have to do with anything? They should be able to extend or terminate whenever it's convenient.

Also, has anyone been to a new stadium recently? What does it have that VC doesn't? I'm curious because VC seems very well maintained, and it's not immediately obvious to me why it would only have 11 years of life left.

 

[CapitalsCupReality]

Caps pay $10 to DC Gov for EACH ticket sold as part of the deal Pollin made to get the last $50 mil for the arena. That lasts as long as they're in the building. Leonsis wants badly to escape that revenue leak. 2027 is a long way off. It's already showing its age. By then it'll be a no brainier to move IMO. That lease is for/with the DC gov to lock them in.

Love the idea of a sports complex. Been to places like Denver and I like the feel.

 

[Calicaps]

That's weird, Ted owns (most of) both the team and the stadium. What does the lease term have to do with anything? They should be able to extend or terminate whenever it's convenient.

Also, has anyone been to a new stadium recently? What does it have that VC doesn't? I'm curious because VC seems very well maintained, and it's not immediately obvious to me why it would only have 11 years of life left.

I'd bet the biggest issue is capacity. Caps are a huge draw, Wiz hoping to become one, adding the AFL team, and of course other events like concerts, etc. They probably want more seats.

Plus the city has a big stake here. Verizon center turned Penn Quarter into a hugely hot part of town. In theory, the redev at RFK could do the same and the Skins, as big a draw as they are, only play once a week and what... max 10 times a year? Having Caps/Wiz/AFL there makes it much more vibrant year-round.

EDIT: or maybe AFL/Mystics stay at Verizon and the city has 2 nice venues...?

 

[CapitalsCupReality]

Capacity may be secondary. What are they going to add 1500-2000 more seats? That would put them top 5-top 3 in capacity.

 

[Calicaps]

Capacity may be secondary. What are they going to add 1500-2000 more seats? That would put them top 5-top 3 in capacity.

Ah, was typing my reply and didn't see your post about revenue sharing with the city. Very interesting. I do wonder what happens to Verizon in that case. Knock it down and build something new? Use it for AFL? It's definitely still the anchor for that area even though the other businesses are well established now.

 

[CapitalsCupReality]

Sucks because the area around VC has grown up nicely. Local business owners will struggle, I guess relocate to the new area? Tear it down I guess. I wonder if Leonsis owns the land or just the building. The land would be a nice revenue chunk in a sale.

Two tenants would make it a little easier to upkeep. Maybe Le0nsis just sells the arena to a 3rd party and let's them deal with DC Gov.

 

[Calicaps]

Sucks because the area around VC has grown up nicely. Local business owners will struggle, I guess relocate to the new area? Tear it down I guess. I wonder if Leonsis owns the land or just the building. The land would be a nice revenue chunk in a sale.

Two tenants would make it a little easier to upkeep. Maybe Le0nsis just sells the arena to a 3rd party and let's them deal with DC Gov.

Yeah, when I'm in town working my office is right there, and honestly, the whole area is packed during the day. And the after-work scene is also very active. If some sort of entertainment venue or venues goes in the VC's place, Penn Quarter should be okay.

 

[Devil Dancer]

Interesting about the $10/ticket bit, I didn't know that. VC was one of the last city-friendly stadium deals, and that ticket revenue adds to the pot for DC. Considering what the city put up for the Nats and United, I cringe a little at what potentially two new stadiums are going to cost the DC taxpayers.

On the area development side, the RFK site is a no-go. There is almost no commercial land over there, it's all single family residential.

 

[AlexBrovechkin8]

Interesting about the $10/ticket bit, I didn't know that. VC was one of the last city-friendly stadium deals, and that ticket revenue adds to the pot for DC. Considering what the city put up for the Nats and United, I cringe a little at what potentially two new stadiums are going to cost the DC taxpayers.

On the area development side, the RFK site is a no-go. There is almost no commercial land over there, it's all single family residential.

Wouldn't be so sure about that. A lot of investors have been buying up that land in anticipation of precisely this happening.

 

[Dr John Carlson]

I'd comfortably take Carlson and Niskanen over Alzner.

 

[stanleycaps18]

I'd bet the biggest issue is capacity. Caps are a huge draw, Wiz hoping to become one, adding the AFL team, and of course other events like concerts, etc. They probably want more seats.

Plus the city has a big stake here. Verizon center turned Penn Quarter into a hugely hot part of town. In theory, the redev at RFK could do the same and the Skins, as big a draw as they are, only play once a week and what... max 10 times a year? Having Caps/Wiz/AFL there makes it much more vibrant year-round.

EDIT: or maybe AFL/Mystics stay at Verizon and the city has 2 nice venues...?

Mystics are moving to St Elizabeths in 2018, so the rest of the tenants will be in place for the duration. I think it would be a huge mistake to move the teams out of such a great, metro accessible location.

 

[stanleycaps18]

Wouldn't be so sure about that. A lot of investors have been buying up that land in anticipation of precisely this happening.

What land? The proposed stadium area is under National Park Service control, across the street on two sides are single family row houses, on the third side is the Anacostia River and on the 4th side is the DC General Hospital and jail complex - city owned.

 

[Devil Dancer]

Wouldn't be so sure about that. A lot of investors have been buying up that land in anticipation of precisely this happening.

I'm not saying it 100% can't happen, but there isn't much precedent for bulldozing healthy existing neighborhoods around here. That's why we're one of the few East Coast cities that 95 doesn't run through.

The political capital it would take to get those houses rezoned would be staggering.

 

[stanleycaps18]

I'm not saying it 100% can't happen, but there isn't much precedent for bulldozing healthy existing neighborhoods around here. That's why we're one of the few East Coast cities that 95 doesn't run through.

The political capital it would take to get those houses rezoned would be staggering.

There is simply no way those row house blocks would get rezoned. Zero.

 

[CapitalsCupReality]

I'd comfortably take Carlson and Niskanen over Alzner.

Tough choice but no shame in being 3rd for Alzner. I agree. I penciled that kid in for 10 years when he was drafted. He should retire a Cap and will probably be what, the 2nd best defensive D of all time behind Langway in DC when all is said and done?

 

[AlexBrovechkin8]

There is simply no way those row house blocks would get rezoned. Zero.

So, let me get this straight. You think they drafted these massive proposals without considering how it would effect housing?

 

[Calicaps]

There is simply no way those row house blocks would get rezoned. Zero.

So, let me get this straight. You think they drafted these massive proposals without considering how it would effect housing?

I bet the city falls all over itself to make this happen, and they are in a position to leverage something in the process. That part of town is ripe for gentrification (for good or ill) and a couple of blocks of row houses will be a small price to pay. The stadium developers will have to build some affordable type housing somewhere else is all. Same thing that happened around Nats Park.

 

[AlexBrovechkin8]

I bet the city falls all over itself to make this happen, and they are in a position to leverage something in the process. That part of town is ripe for gentrification (for good or ill) and a couple of blocks of row houses will be a small price to pay. The stadium developers will have to build some affordable type housing somewhere else is all. Same thing that happened around Nats Park.

Yup, no question.

 

[artilector]

In terms of performance vs. cap hit, Alzner is probably going to be unmatched, long term.

 

[Brian23]

I think the idea of all Washington sports in one area would be awesome, I'm more curious if Dan Snyder would be down with that. Ted would basically own the majority of stake in the joint area while Snyder would have the massive draw.

I also didn't know Verizon was such a money sink for Ted, 10 dollars per ticket is actually pretty ridiculous when you think of how often that place is full.

 

[CapitalsCupReality]

I think the idea of all Washington sports in one area would be awesome, I'm more curious if Dan Snyder would be down with that. Ted would basically own the majority of stake in the joint area while Snyder would have the massive draw.

I also didn't know Verizon was such a money sink for Ted, 10 dollars per ticket is actually pretty ridiculous when you think of how often that place is full.

For $50 mil Pollin gave away a good chunk of the future revenues he knew he wouldn't around to see and knew it would be someone else's problem. His goal was to get the thing built at all costs. It was his legacy.

 

[NobodyBeatsTheWiz]

The Caps moving out of Chinatown would be far from awesome. It's one of the best-located arenas in the country as is.

 

[Devil Dancer]

I bet the city falls all over itself to make this happen, and they are in a position to leverage something in the process. That part of town is ripe for gentrification (for good or ill) and a couple of blocks of row houses will be a small price to pay. The stadium developers will have to build some affordable type housing somewhere else is all. Same thing that happened around Nats Park.

No, stanleycaps is right, redevelopment of the neighborhoods around RFK isn't happening. It is politically untenable. We can't talk politics here so I won't get into the specifics, but it would be political and career suicide for any zoning board or city council member to vote in favor of redeveloping a successful working middle class neighborhood.