"Virginia Arena Deal for Capitals and Wizards Declared Dead by Alexandria"

Negotiations to bring the NHL's Washington Capitals and the NBA's Washington Wizards to northern Virginia have ended, with the city of Alexandria announcing that the proposal for a new arena and development district will not move forward. This comes as a blow for Republican Virginia Gov. Glenn Youngkin, who expressed disappointment and frustration over the demise of the plan, blaming the Democratic-controlled state Legislature. Meanwhile, Monumental Sports and Entertainment, the teams' parent company, and the District of Columbia are close to signing a letter of intent for a $515 million renovation of Capital One Arena to keep the teams in the city for the long term.