News Summary:
On February 2, 2026, Monumental Sports & Entertainment announced that Capital One Arena will host the 53rd Hoop Culture Capital Classic, a boys and girls high school basketball showcase, on April 4, 2026, marking its return to the venue for the first time since 2017. Previously, on January 30, 2026, fans attending the Washington Wizards game at Capital One Arena were advised to expect travel delays near the Gallery Place Chinatown Metro due to First Amendment activity scheduled for that afternoon. Earlier, on January 29, 2026, Monumental Sports & Entertainment finalized a $215 million debt facility with U.S. Bank, acting as the collateral agent, to fund ongoing extensive renovations of Capital One Arena. This funding, reported by 'SPORTS BUSINESS JOURNAL,' complements a prior $515 million agreement with D.C., bringing the total modernization project cost to over $1 billion, with completion anticipated by the 2027-2028 seasons. This follows outgoing Virginia Governor Glenn Youngkin's statement on January 15, 2026, where he expressed regret over the failure to secure a deal in 2024 for a new arena in Potomac Yard, Alexandria, which would have housed the Washington Capitals and Wizards as part of an entertainment district. In late 2025, on December 29, Chairman Theodore Leonsis extended holiday greetings to the sports community, fans, and partners.
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