News & Insights
Photo courtesy of: Greg Land
Redeveloping DC’s Capital One Arena through a public-private partnership
Located in Washington, DC, Capital One Arena is a major multi-purpose venue that hosts concerts, events, and is home to the NBA’s Washington Wizards and the NHL’s Washington Capitals. The arena is owned and operated by Monumental Sports & Entertainment and is now undergoing a significant modernization through a public-private partnership with the District of Columbia. As part of that effort, B&D is serving as owner’s representative to the District, helping guide delivery of the redevelopment.
B&D’s June Locker, director and member of that team, shares insight into how collaboration is shaping the outcome and why alignment across stakeholders is critical to success.
B&D: What was the tipping point that led to reinvesting in Capital One Arena instead of relocating?
June Locker: While B&D was not directly involved in the stay-or-go negotiations, it was clear the jurisdiction understood how important sports teams and venues are as anchors for economic activity, community identity, and broader development. In the end, the District was able to negotiate strong terms that kept Monumental Sports & Entertainment in its current location, which is a major win for downtown DC. We are excited about what this means for the DC community.
B&D: How does public investment factor into this project?
JL: Public investment is helping modernize the arena so it can continue to serve as a premium destination for fans and visitors. From the District’s perspective, it is not just about upgrading the building. It is about ensuring the arena continues to support the city’s economic and social vitality. Keeping the team in DC helps sustain surrounding businesses, maintain foot traffic, and reinforce the area as a destination.
B&D: How do you maintain alignment between stakeholders in a public-private partnership?
JL: It really starts with being clear about desired outcomes from the beginning. Public and private partners often come to the table with different priorities, so establishing shared goals early is critical. When everyone agrees on what success looks like, it becomes much easier to work through the tough decisions that come up along the way.
B&D: What lessons would you share with other teams or municipalities facing similar decisions?
JL: Clarity and alignment are everything. Knowing what you want to achieve and making sure that aligns with your partners sets the tone for the entire project. When that foundation is in place, even complex challenges become more manageable, and the partnership is far more likely to succeed.
