Washington Capitals and Wizards Set to Move to New Virginia Entertainment District

Virginia Gov. Glenn Youngkin announced on Dec. 13 a $2 billion entertainment district in Old Dominion with an arena for the Washington Capitals and Washington Wizards. The relocation of the U.S. capital’s professional hockey and basketball teams is all but a done deal, despite District of Columbia officials looking to keep them in Chinatown, where their arena, the Capital One Center, is located. ESPN first reported the imminent move on Dec. 12. The teams would relocate to the 9 million-square-foot Potomac Yard in Alexandria, Virginia, just outside Washington. “In this spectacular sports and entertainment district will be at the heart of the most vibrant innovation corridor in the world,” said Mr. Youngkin at an event at Potomac Yard....