When Josh Harris heard the news that Transparent Ted Leonsis was going to leave the District and move his basketball and hockey team to Northern Virginia, do you think he popped champagne in his Miami Beach offices to celebrate?
Ted Leonsis is set to join officials from Virginia, including Gov. Glenn Youngkin, at a 9 a.m. event Wednesday to unveil a $2 billion arena project for the NHL's Capitals and the NBA's Wizards in Alexandria.
A triumphant mood filled the air Wednesday in Alexandria's Potomac Yard as business magnate Ted Leonsis and heavyweights from Virginia's political class shared that the D.C. suburb will be the new home of basketball's Washington Wizards and hockey's Washington Capitals.
The changes are a sweeping overhaul of the Wizards, a franchise that has been mired in mediocrity over the last five years. Washington had made the playoffs just once in that span, and even then, the team suffered a first-round, five-game exit to the top-seeded Philadelphia 76ers.