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DC government may take ownership of Verizon Center in 2047 for $50mil in improvements

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02-20-2007, 10:30 PM
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CapitalsCupFantasy
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DC government may take ownership of Verizon Center in 2047 for $50mil in improvements

Hmm....I wonder if Leonsis is having a fit over this or maybe the deal would still see Ted take ownership, then pass it along to the city himself.

http://www.washingtonpost.com/wp-dyn...022000873.html


Last edited by CapitalsCupFantasy: 02-20-2007 at 10:39 PM.
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02-20-2007, 10:43 PM
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Chimaera
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read the fine print. They'll take ownership in 2047. If they're still in that building then, something is wrong.

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02-20-2007, 10:48 PM
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Foy
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Quote:
Originally Posted by Chimaera View Post
read the fine print. They'll take ownership in 2047. If they're still in that building then, something is wrong.
it can be the new DC Armory!

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02-20-2007, 11:00 PM
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CapitalsCupFantasy
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read the fine print. They'll take ownership in 2047. If they're still in that building then, something is wrong.
Come on...they'll rename it the Igloo!

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02-21-2007, 08:09 AM
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Jasper17
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Originally Posted by Chimaera View Post
read the fine print. They'll take ownership in 2047. If they're still in that building then, something is wrong.
exactly

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02-21-2007, 10:11 AM
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Devil Dancer
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Doesn't DC still own the land that the building is on anyway? If so then this really doesn't change anything at all. The Caps/Wiz had better be out of there by '47.

EDIT: Uh oh, I don't like this part:

Under the proposal, the city would issue the bonds, which would be repaid by a 4.25 percentage-point increase in the tax on tickets and merchandise at Verizon Center. The current tax at the arena is 5.75 percent, so the legislation would push the tax to 10 percent.

But the scoreboard improvement is good news. That thing looks seriously out of date now.

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02-21-2007, 10:43 AM
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2048/2049 stanley cup champions... the kansas city capitals!

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02-21-2007, 10:54 AM
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Jasper17
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It sounds like a really good deal, the increase on the tax really wouldn't be that noticable I don't think. And 40 years from now like others have said, no one will be useing that stadium anyway.

I think it is a pretty good idea.

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02-21-2007, 01:44 PM
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2048/2049 stanley cup champions... the kansas city capitals!
Captained by Chelios.

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