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Capital One Arena

Coordinates: 38°53′53″N 77°1′15″W / 38.89806°N 77.02083°W / 38.89806; -77.02083

Capital One Arena is an indoor arena in Washington, D.C. Located in the Penn Quarter neighborhood, the arena sits atop the Gallery Place rapid transit station of the Washington Metro. It has been largely considered to be a commercial success and is regarded as one of the driving catalysts of the revitalization of Washington, D.C.'s Chinatown neighborhood.[8] Like many storefront signs in Chinatown, a part of the arena's large sign is written in Chinese characters, right below the English name of the sponsor.

Capital One Arena
Capital One Arena in 2021
Capital One Arena
Location within Washington, DC
Capital One Arena
Location within the United States
Former namesMCI Center (1997–2006)
Verizon Center (2006–2017)
Address601 F Street NW
LocationWashington, D.C.
Public transit Washington Metro
at Gallery Place
OwnerMonumental Sports & Entertainment
Capacity20,356 (basketball)
18,573 (ice hockey)[1][2]
Construction
Broke groundOctober 18, 1995
OpenedDecember 2, 1997
Construction costUS$260 million
(US$429 million in 2021 dollars[3])
ArchitectEllerbe Becket[4]
Devrouax & Purnell[4]
KCF-SHG Architects[4]
Project managerJohn Stranix and Seagull Bay Sports, LLC[5]
Structural engineerDelon Hampton & Associates[6]
Services engineerJohn J. Christie Associates[4]
General contractorClark/Smoot[7]
Tenants
Washington Wizards (NBA) (1997–present)
Washington Capitals (NHL) (1997–present)
Georgetown Hoyas (NCAA) (1997–present)
Washington Mystics (WNBA) (1998–2018)
Washington Power (NLL) (2001–2002)
Washington Valor (AFL) (2017–2019)
Website
Venue Website

Owned and operated by Monumental Sports & Entertainment, it is the home arena of the Washington Capitals of the National Hockey League (NHL), the Washington Wizards of the National Basketball Association (NBA), and the Georgetown University men's basketball team. It was also home to the Washington Mystics of the Women's National Basketball Association (WNBA) from 1998 to 2018 until they moved to the St. Elizabeths East Entertainment and Sports Arena in southeast Washington for the 2019 season.

History

The block where the arena was built, between 6th and 7th and F and G Streets, historically held a mix of residences and small businesses.[9] By the 1960s, it was suffering from urban decay, like much of the eastern end of Downtown Washington.[9] In 1973, while the Gallery Place Metro station was being developed below it, the District government bought the land in hopes of redeveloping it.[10] Capital Landmark Associates was selected in 1979 to develop the site with a planned mixed-use complex including retail, offices, apartments, and a hotel.[10] Most of the remaining buildings on the site were demolished in 1985.[9] The project languished for many years but never materialized, and was finally canceled in 1992.[9]

Before the arena's opening, the Capitals and the Wizards (then known as the Washington Bullets) played at USAir Arena in the Washington suburb of Landover, Maryland. The teams experienced subpar attendance because the location was inconvenient for both Washington and Baltimore residents, and their arena, though only 20 years old, was not up to the standards of other NBA and NHL venues.[11][12][13] In December 1993, Abe Pollin, the owner of both teams, began studying options to move the teams to a new arena to be built with public financing, with possible locations including Baltimore, downtown Washington, and Laurel, Maryland.[14][15]

 
The arena in 2006, then known as MCI Center.

A group of Washington business leaders brokered a deal between Pollin and the District government to build an arena at the Gallery Place site, with the District paying for the $150-million project, which was envisioned to have shopping, food, and exhibitors for daily use even when there was no arena event.[16][17][18] The D.C. Council approved a special tax on businesses to finance the deal.[18] However, a competing proposal soon emerged, when Robert Johnson, head of Black Entertainment Television, offered to build the arena with mostly private financing.[19] With the arena deal facing criticism amid the District's budget crisis, Pollin eventually agreed to privately fund the construction of the building, which ultimately came to $200 million[20][21] (US$330 million in 2021 dollars[3]). The District would pay for other costs, including purchasing the portion of the land it did not already own, preparing the site, and expanding the Metro station; these eventually amounted to $79 million[21][22] (US$124 million in 2021 dollars[3]). The District leased the land to Pollin at a below-market rate of $300,000 per year.[23][24]

A naming rights deal was struck with MCI Communications to name the arena as the MCI Center.[25] The groundbreaking ceremony for the project was held in October 1995.[26] On December 2, 1997, the arena held its first event, a game between the Wizards and the Seattle SuperSonics, with President Bill Clinton in attendance.[27] The arena had a 25,000 square foot Discovery Channel Store from 1998 to 2001[28] and the MCI National Sports Gallery, an interactive sports museum with interactive games, memorabilia, and the American Sportscasters Hall of Fame inside from 1998 to 2000 or 2001 which was repurposed for office space. Clinton toured the gallery before the game, playing the museum games.[29][30][31][32] A block of F Street NW between 6th and 7th Street NW outside the arena was declared Fun Street, complete with signage.[33][34] This block later was declared Abe Pollin Way in 2007.[35] The arena was noted for building spectator seats vertically rather than out, creating better views for all attending albeit with limited leg room in the upper levels, as well as spacious quarters for players and coaches with advanced competitive research technology.[36] The arena concourse featured multimedia arenaNet stations where fans could check scores, watch highlights, and send digital postcards over email.[37][38] These replaced an abandoned idea to have smart seats with televisions and technology that was scrapped due to technological challenges.[39] Arena technology was powered by a virtual LAN software and switching technology called ArenaNET from Cabletron Systems.[40]

In 1999, a group led by technology executive Ted Leonsis bought a 36% stake in Pollin's holdings, including the MCI Center, as well as full ownership of the Capitals.[41][42] The Leonsis group increased its stake to 44% in 2000.[42]

 
Capital One Arena, then the Verizon Center, in 2008

In January 2006, Verizon Communications purchased MCI and the arena's name was changed accordingly to Verizon Center.[8] VIDA Fitness opened its first location in the arena that same year.[43] The following year, in 2007, the "first true indoor high-definition LED scoreboard" was installed in the arena.[44][45]

In June 2010, following Pollin's death in November 2009, the Leonsis group, newly organized as Monumental Sports & Entertainment, bought out Pollin's interests, gaining full ownership of the arena and the Wizards.[46]

A report emerged in May 2015 that Verizon would not renew its naming rights to the Verizon Center when its agreement with Monumental was to end in 2018.[47][48] In the same week, it was announced that Etihad Airways signed a deal to become the official airline of the arena, sparking speculation that Etihad might be the leading contender to assume naming rights in 2017.[49] However, on August 9, 2017, it was announced the bank Capital One had purchased the rights, renaming the venue Capital One Arena.[50][51][52]

In 2019 and 2020, Monumental Sports and Entertainment Network undertook a $30 million renovation of the stadium. This included completely replacing the arena's seating, improving the concourse, and altering many of the arena's dining options. A new, larger overhead video board was also added as well as a new SkyRing video screen that goes around the top of the arena.[53][54]

In July 2020, bookmaker William Hill opened a sportsbook at the arena, following the 2018 legalization of sports betting in Washington.[55] It was the first brick-and-mortar sportsbook in the District, and the first to open at a professional sports venue in the United States.[55]

Sports

Ice hockey

 
The Capitals playing the Pittsburgh Penguins during the 2017 Stanley Cup playoffs at Capital One Arena, then known as the Verizon Center.

The arena has been home to the Capitals NHL team since its opening. As a result, numerous memorable moments in franchise history have occurred in the arena. The arena hosted games three and four of the 1998 Stanley Cup Finals, when the Capitals lost to the Detroit Red Wings in four games. The Red Wings hoisted the cup in the arena on June 16, 1998, after winning game four by a score of 4–1. On April 5, 2008, the Capitals won the Southeast Division in the last game of the regular season, after beating the Florida Panthers 3–1. May 4, 2009 saw dueling hat tricks from Ovechkin and rival Sidney Crosby of the Pittsburgh Penguins during a playoff game.[56] The arena also hosted games three and four of the 2018 Stanley Cup Finals. The Capitals won both games and then went on to win game five in Las Vegas, which won them the Stanley Cup. This was the first major sports championship for a Washington, D.C. team since the 1991 Washington Redskins. The Capitals had their Stanley Cup banner ceremony in the arena before their first game of the next season, which took place on October 3, 2018.

Also, the arena hosted the 2009 "Frozen Four," the final round of the 2009 NCAA Division I Men's Ice Hockey Tournament.

Basketball

The arena has been home to the Wizards NBA team since its opening and was home to the Washington Mystics WNBA team from 1998 to 2018, before moving to a new, smaller arena in the Congress Heights area of southeast Washington.[57] The Georgetown Hoyas men's basketball team has also played there since the arena's opening. The arena has hosted three basketball all star games: the 2001 NBA All-Star Game and the 2002 and 2007 WNBA All-Star Games. The arena has been home to many playoff games for the various playoff teams but has yet to host an NBA finals series.

The arena has hosted NCAA Division I men's basketball tournament rounds several times. It hosted first and second round games in 1998, 2002, 2008 and 2011, and hosted the regional finals in 2006, 2013 and 2019.[58] Most notably the 2005–06 George Mason Patriots men's basketball team from nearby Fairfax, Virginia advanced to the Final Four in the arena. The arena also hosted the Atlantic 10 men's basketball tournament in 2018 and 2022. It hosted the ACC men's basketball tournament in 2005 and 2016.

The Harlem Globetrotters play in the arena on an annual basis.

Fighting and wrestling

In the professional fighting world, the arena has hosted WWE events, as well as the final four editions of WCW's Starrcade. The arena has hosted Backlash in 2000, SummerSlam in 2005, Cyber Sunday in 2007, Survivor Series in 2009, Capitol Punishment in 2011, and Battleground in 2016. The arena frequently hosts Raw and SmackDown shows as well. The arena was also home to Mike Tyson's final fight (Mike Tyson vs. Kevin McBride) on June 11, 2005[59] and on October 1, 2011, UFC Live: Cruz vs. Johnson was held at the arena.[60]

On December 7, 2019, UFC on ESPN: Overeem vs. Rozenstruik was held at the arena.

On October 2, 2019, the Capital One Arena hosted AEW Dynamite, the first televised professional wrestling event by All Elite Wrestling. It was broadcast on TNT in the United States of America and on ITV4 in the United Kingdom.[61][62]

Arena football

In 2017, the Washington Valor began play at the arena for their inaugural season in the Arena Football League.[63] The Valor folded in 2019 and the arena has not hosted an Arena League game since.

Gymnastics and figure skating

The arena hosted the 2003 World Figure Skating Championships and the 2016 Kellogg's Tour of Gymnastics Champions.[64]

Music and other entertainment

The arena is a major location for concerts and cultural events in the D.C. region. Among the musical performers, cultural figures, and entertainment shows that have performed at the arena are Janet Jackson, Mariah Carey, Paul McCartney, U2, Iron Maiden, Lady Gaga, Madonna, the Three Tenors, Drake, Barbra Streisand, Bon Jovi, Prince, Tim McGraw, Faith Hill, Beyoncé, the Dalai Lama, Tina Turner, Keith Urban, Paul Simon, Sting, Taylor Swift, Tyler, the Creator, Elton John, Usher, Green Day, the Who, Bad Bunny, Billie Eilish, Dua Lipa, Trans-Siberian Orchestra, Disney on Ice, and k-pop group Seventeen.

The Washington International Horse Show took place every October in the arena for more than 20 years through 2019, after which it was moved out because of the Covid-19 pandemic.

Criticism

Gentrification

When the arena opened, there was concern that it would lead to the displacement of Chinese businesses and culture in the area that is the city's Chinatown.[65] The surrounding area has indeed been dramatically gentrified, and most of the Chinese residents and businesses who lived and operated in the neighborhood when the arena first opened have been displaced because of the spike in real estate prices.[66] 2011 estimates hold that the number of Chinese in the neighborhood is down to around 400 to 500.[66] The Chinese-owned restaurants and businesses in the Chinatown area are largely gone and there has not been a full-service Chinese grocery in the neighborhood since 2005.[66]

Ice quality issues

In December 2007, then-Capitals captain Chris Clark stated that he believed the arena had the worst ice in the NHL. "There's a lot of ruts in the ice. It's soft. It's wet half the time. I could see a lot of injuries coming from the ice there. It could cost [players] their jobs... Even guys on other teams say the same thing. When we're facing off, they say, 'How do you guys play on this?'" Capitals owner Ted Leonsis addressed this criticism directly.[67] The ice quality issue has been persistent both since the opening of the facility and with the Capitals franchise in general.[68] Since Leonsis' acquisition of the facility, the quality of the ice has got better[according to whom?] and number of complaints has noticeably decreased. During playoff games, the arena installs additional portable refrigeration units outside the arena to aid the ice conditions during the warm and humid summer months.[69]

Gallery

See also

References

  1. ^ Carrera, Katie (December 6, 2012). "Hershey Bears Play AHL Showcase at Verizon Center, Keeping Capitals Fans Entertained for One Night During NHL Lockout". The Washington Post. Archived from the original on April 12, 2013. Retrieved February 5, 2013.
  2. ^ Heath, Thomas (November 25, 2004). "On Hockey Nights, A Center of Inactivity". The Washington Post. Retrieved November 11, 2011.
  3. ^ a b c Johnston, Louis; Williamson, Samuel H. (2023). "What Was the U.S. GDP Then?". MeasuringWorth. Retrieved January 1, 2023. United States Gross Domestic Product deflator figures follow the Measuring Worth series.
  4. ^ a b c d "Verizon Center". AECOM. Retrieved September 29, 2017.
  5. ^ Bailey, W. Scott (December 6, 2002). "New S.A. Sports Firm Set to Play Pivotal Pole in Big NBA Projects". San Antonio Business Journal. Archived from the original on 2012-07-13. Retrieved February 5, 2013.
  6. ^ . Delon Hampton & Associates. Archived from the original on 2012-04-02. Retrieved February 5, 2013.
  7. ^ "MCI Center". Emporis.com. Retrieved September 29, 2011.[dead link]
  8. ^ a b "Name Change: MCI Center to be Verizon Center". ESPN. Associated Press. January 7, 2006. Retrieved February 5, 2013.
  9. ^ a b c d Maryann Haggerty (September 4, 1995). "The Place that lost its heart". The Washington Post. Retrieved 2021-08-01.
  10. ^ a b Joel Glenn Brenner (October 30, 1989). "What happened to Gallery Place?". The Washington Post. Retrieved 2021-08-01.
  11. ^ Ken Rosenthal (December 9, 1993). "Bullets, Capitals at Camden Yards?". The Baltimore Sun – via NewsBank.
  12. ^ Mark Hyman (December 24, 1993). "Pollin won't rule out a move downtown". The Baltimore Sun – via NewsBank.
  13. ^ Thomas Boswell (December 4, 1993). "It's not pretty, but it does the job". The Daily Oklahoman. Washington Post – via Newspapers.com.
  14. ^ "Bullets, Caps might leave home arena". News & Record. Greensboro, NC. December 27, 1993 – via NewsBank.
  15. ^ "Bullets, Capitals off to new arena?". The Miami Herald. December 11, 1993 – via NewsBank.
  16. ^ Jon Morgan (June 8, 1994). "Pollin, D.C. talking deal on moving to Washington". The Baltimore Sun – via NewsBank.
  17. ^ "City nears deal on sports arena". The Washington Times. June 4, 1994 – via NewsBank.
  18. ^ a b "Funding set for D.C. sports arena". The Star-Ledger. Newark, NJ. July 20, 1994 – via NewsBank.
  19. ^ Adrianne Flynn; Matt Neufeld (August 11, 1994). "D.C. officials cautious about offer to fund arena". The Washington Times – via NewsBank.
  20. ^ Adrianne Flynn (December 24, 1994). "Pollin offers to pay for downtown sports arena". The Washington Times – via NewsBank.
  21. ^ a b Cheryl W. Thompson (April 30, 1998). "City paying for police at MCI Center". The Washington Post. Retrieved 2021-08-01.
  22. ^ Final Status on the Sports Arena (PDF) (Report). United States General Accounting Office. July 1998. pp. 1–3. Retrieved 2021-08-01.
  23. ^ Robert J. Terry (June 22, 2012). "30 Years: MCI Center opens in East End". Washington Business Journal. Retrieved 2021-08-01.
  24. ^ Status of the Sports Arena (PDF) (Report). United States General Accounting Office. November 1997. p. 13. Retrieved 2021-08-01.
  25. ^ Lorraine Woellert (June 8, 1995). "For downtown arena, future is now". The Washington Times – via NewsBank.
  26. ^ Lorraine Woellert (October 19, 1995). "Pollin digs in for arena". The Washington Times – via NewsBank.
  27. ^ Stephen Dinan; Gerald Mizejewski (December 3, 1997). "First night in a new home". The Washington Times – via NewsBank.
  28. ^ McNeil, Martha (2001-08-31). "Discovery to Shut Down Store at MCI Center". The Washington Post. Retrieved 2022-02-16.
  29. ^ "National Sports Gallery Set To Open". Associated Press. 1998-02-25. Retrieved 2022-02-16.
  30. ^ "Former Arlington Judge, Baseball Historian Dies | WTOP News". Wtop.com. 17 January 2014. Retrieved 2022-02-16.
  31. ^ "An Opener to Behold at MCI Center". washingtonpost.com. 1997-12-03. Retrieved 2022-02-16.
  32. ^ "Hall of Fame". Americansportscastersonline.com. Retrieved 2022-02-16.
  33. ^ "A Mini Encyclopedia of '90s Washington". 16 December 2021.
  34. ^ "Fun Street (F Street) Sign in Washington, DC – Photos on". Cazort.net. 2002-05-28. Retrieved 2022-02-16.
  35. ^ "Washington Wizards Owners Irene & Abe Pollin | Washington Wizards". Nba.com. 2002-05-10. Retrieved 2022-02-16.
  36. ^ Wilbon, Michael (1997-11-14). "A Center That Deserves Attention". The Washington Post. Retrieved 2022-05-26.
  37. ^ "January 1998 Stories". Knowledgeway.org.
  38. ^ "Future is now at MCI Center Arena: The attractions only start with the Wizards and Capitals at Washington's 21st century sports and entertainment complex". Baltimoresun.com.
  39. ^ "Pollin Alters Plan on Providing "Smart Seats" at Mci Center". Sportsbusinessjournal.com.
  40. ^ "MCI Center technology shoots for new standard". Bizjournals.com. Retrieved 2022-05-30.
  41. ^ Jerry Bembry (May 13, 1999). "Pollin sells part of sports empire". The Baltimore Sun – via NewsBank.
  42. ^ a b Eric Fisher (January 12, 2000). "Leonsis gains more control". The Washington Times – via NewsBank.
  43. ^ "Gym Nauseam". Washingtoncitypaper.com. 3 October 2014.
  44. ^ . Engadget. September 28, 2007. Archived from the original on 2011-07-23. Retrieved November 11, 2011.
  45. ^ Nakamura, David (December 2, 2007). "Verizon Center Marks 10th Anniversary". The Washington Post. Retrieved January 17, 2014.
  46. ^ Thomas Heath (June 10, 2010). "Leonsis holdings under new Monumental Sports include Wizards, Verizon Center". The Washington Post. Retrieved 2021-07-17.
  47. ^ Hobson, Will. "Verizon still mulling whether to renew naming rights to Verizon Center". The Washington Post.
  48. ^ "Report: Verizon will not renew arena naming rights". WUSA9.
  49. ^ Clabaugh, Jeff. "Monumental Sports & Entertainment teams with international airline in sponsorship deal". Washington Business Journal.
  50. ^ "MSE and Capital One Announce New Arena Naming Rights Partnership" (Press release). Washington Wizards. August 9, 2017. Retrieved September 29, 2017.
  51. ^ "MSE and Capital One Announce New Arena Naming Rights Partnership" (Press release). Washington Capitals. August 9, 2017. Retrieved September 29, 2017.
  52. ^ Steinberg, Dan (August 9, 2017). "Verizon Center to become Capital One Arena, starting now". The Washington Post. Retrieved September 29, 2017.
  53. ^ Katishi, Maake. "Take a look at the big upgrades at Capital One Arena". Washington Business Journal.
  54. ^ "Capital One Arena introduces visual entertainment revolution powered by Colosseo | Scoreboards, Video Cubes, LED Video Displays, Biometric Face Recognition, Sports & Statistics". Colosseoeas.com. Retrieved 30 May 2022.
  55. ^ a b Rick Maese (July 31, 2020). "D.C.'s first sportsbook opens at Capital One Arena". The Washington Post. Retrieved 2021-07-17.
  56. ^ "Great Capitals moments in Verizon Center history". Nbcsports.com.
  57. ^ Wallace, Ava. "Mystics hope for a true home-court advantage at new Entertainment and Sports Arena". The Washington Post. Retrieved July 29, 2019.
  58. ^ "Georgetown University, Verizon Center to Host 2019 NCAA March Madness Games". Nbcwashington.com.
  59. ^ Tyson Announces Retirement After Quitting vs. McBride, USA Today, 2005-06-12, Retrieved on 2013-09-01
  60. ^ . MMAjunkie.com. October 2, 2011. Archived from the original on May 10, 2012.
  61. ^ Otterson, Joe. "All Elite Wrestling to Launch on TNT Wednesdays in October". Variety.
  62. ^ Dangoor, Louis. "AEW Confirms UK TV Deal, Weekly Show To Air On ITV". WrestleTalk.
  63. ^ Ted Leonsis to announce D.C. is getting an Arena Football League team, Scott Allen, The Washington Post, March 10, 2016
  64. ^ "2016 Kellogg's Tour of Gymnastics Champions". capitalonearena.viewlift.com/. Retrieved March 25, 2019.
  65. ^ Lowman, Stephen (January 28, 2009). "The Shrinking of Chinatown". The Washington Post. Retrieved January 29, 2009.
  66. ^ a b c Nakamura, David (July 1, 2011). "Wah Luck House Maintains Culture of Dying D.C. Chinatown". The Washington Post. Retrieved July 10, 2011.
  67. ^ Leonsis, Ted (December 6, 2007). "Toughness". Ted's Take. Retrieved December 6, 2007.
  68. ^ Steinberg, Dan (February 10, 2009). "The Caps and Bad Ice: A History". The Washington Post. Retrieved February 10, 2009.
  69. ^ Baca/ABC7, Nathan (1 June 2018). "What it takes to keep Capital One Arena chilled for the Stanley Cup Final". WJLA. Retrieved 4 October 2022.
Events and tenants
Preceded by
first arena
Home of the
Washington Mystics

1998–2018
Succeeded by
Preceded by Home of the
Washington Capitals

1997 – present
Succeeded by
current
Preceded by Home of the
Washington Wizards

1997 – present
Succeeded by
current
Preceded by Host of the
Frozen Four

2009
Succeeded by
Preceded by Host of the
Survivor Series

2009
Succeeded by
Preceded by Host of
WWE Cyber Sunday

2007
Succeeded by

capital, arena, coordinates, 89806, 02083, 89806, 02083, indoor, arena, washington, located, penn, quarter, neighborhood, arena, sits, atop, gallery, place, rapid, transit, station, washington, metro, been, largely, considered, commercial, success, regarded, d. Coordinates 38 53 53 N 77 1 15 W 38 89806 N 77 02083 W 38 89806 77 02083 Capital One Arena is an indoor arena in Washington D C Located in the Penn Quarter neighborhood the arena sits atop the Gallery Place rapid transit station of the Washington Metro It has been largely considered to be a commercial success and is regarded as one of the driving catalysts of the revitalization of Washington D C s Chinatown neighborhood 8 Like many storefront signs in Chinatown a part of the arena s large sign is written in Chinese characters right below the English name of the sponsor Capital One ArenaCapital One Arena in 2021Capital One ArenaLocation within Washington DCShow map of the District of ColumbiaCapital One ArenaLocation within the United StatesShow map of the United StatesFormer namesMCI Center 1997 2006 Verizon Center 2006 2017 Address601 F Street NWLocationWashington D C Public transitWashington Metro at Gallery PlaceOwnerMonumental Sports amp EntertainmentCapacity20 356 basketball 18 573 ice hockey 1 2 ConstructionBroke groundOctober 18 1995OpenedDecember 2 1997Construction costUS 260 million US 429 million in 2021 dollars 3 ArchitectEllerbe Becket 4 Devrouax amp Purnell 4 KCF SHG Architects 4 Project managerJohn Stranix and Seagull Bay Sports LLC 5 Structural engineerDelon Hampton amp Associates 6 Services engineerJohn J Christie Associates 4 General contractorClark Smoot 7 TenantsWashington Wizards NBA 1997 present Washington Capitals NHL 1997 present Georgetown Hoyas NCAA 1997 present Washington Mystics WNBA 1998 2018 Washington Power NLL 2001 2002 Washington Valor AFL 2017 2019 WebsiteVenue WebsiteOwned and operated by Monumental Sports amp Entertainment it is the home arena of the Washington Capitals of the National Hockey League NHL the Washington Wizards of the National Basketball Association NBA and the Georgetown University men s basketball team It was also home to the Washington Mystics of the Women s National Basketball Association WNBA from 1998 to 2018 until they moved to the St Elizabeths East Entertainment and Sports Arena in southeast Washington for the 2019 season Contents 1 History 2 Sports 2 1 Ice hockey 2 2 Basketball 2 3 Fighting and wrestling 2 4 Arena football 2 5 Gymnastics and figure skating 3 Music and other entertainment 4 Criticism 4 1 Gentrification 4 2 Ice quality issues 5 Gallery 6 See also 7 ReferencesHistory EditThe block where the arena was built between 6th and 7th and F and G Streets historically held a mix of residences and small businesses 9 By the 1960s it was suffering from urban decay like much of the eastern end of Downtown Washington 9 In 1973 while the Gallery Place Metro station was being developed below it the District government bought the land in hopes of redeveloping it 10 Capital Landmark Associates was selected in 1979 to develop the site with a planned mixed use complex including retail offices apartments and a hotel 10 Most of the remaining buildings on the site were demolished in 1985 9 The project languished for many years but never materialized and was finally canceled in 1992 9 Before the arena s opening the Capitals and the Wizards then known as the Washington Bullets played at USAir Arena in the Washington suburb of Landover Maryland The teams experienced subpar attendance because the location was inconvenient for both Washington and Baltimore residents and their arena though only 20 years old was not up to the standards of other NBA and NHL venues 11 12 13 In December 1993 Abe Pollin the owner of both teams began studying options to move the teams to a new arena to be built with public financing with possible locations including Baltimore downtown Washington and Laurel Maryland 14 15 The arena in 2006 then known as MCI Center A group of Washington business leaders brokered a deal between Pollin and the District government to build an arena at the Gallery Place site with the District paying for the 150 million project which was envisioned to have shopping food and exhibitors for daily use even when there was no arena event 16 17 18 The D C Council approved a special tax on businesses to finance the deal 18 However a competing proposal soon emerged when Robert Johnson head of Black Entertainment Television offered to build the arena with mostly private financing 19 With the arena deal facing criticism amid the District s budget crisis Pollin eventually agreed to privately fund the construction of the building which ultimately came to 200 million 20 21 US 330 million in 2021 dollars 3 The District would pay for other costs including purchasing the portion of the land it did not already own preparing the site and expanding the Metro station these eventually amounted to 79 million 21 22 US 124 million in 2021 dollars 3 The District leased the land to Pollin at a below market rate of 300 000 per year 23 24 A naming rights deal was struck with MCI Communications to name the arena as the MCI Center 25 The groundbreaking ceremony for the project was held in October 1995 26 On December 2 1997 the arena held its first event a game between the Wizards and the Seattle SuperSonics with President Bill Clinton in attendance 27 The arena had a 25 000 square foot Discovery Channel Store from 1998 to 2001 28 and the MCI National Sports Gallery an interactive sports museum with interactive games memorabilia and the American Sportscasters Hall of Fame inside from 1998 to 2000 or 2001 which was repurposed for office space Clinton toured the gallery before the game playing the museum games 29 30 31 32 A block of F Street NW between 6th and 7th Street NW outside the arena was declared Fun Street complete with signage 33 34 This block later was declared Abe Pollin Way in 2007 35 The arena was noted for building spectator seats vertically rather than out creating better views for all attending albeit with limited leg room in the upper levels as well as spacious quarters for players and coaches with advanced competitive research technology 36 The arena concourse featured multimedia arenaNet stations where fans could check scores watch highlights and send digital postcards over email 37 38 These replaced an abandoned idea to have smart seats with televisions and technology that was scrapped due to technological challenges 39 Arena technology was powered by a virtual LAN software and switching technology called ArenaNET from Cabletron Systems 40 In 1999 a group led by technology executive Ted Leonsis bought a 36 stake in Pollin s holdings including the MCI Center as well as full ownership of the Capitals 41 42 The Leonsis group increased its stake to 44 in 2000 42 Capital One Arena then the Verizon Center in 2008 In January 2006 Verizon Communications purchased MCI and the arena s name was changed accordingly to Verizon Center 8 VIDA Fitness opened its first location in the arena that same year 43 The following year in 2007 the first true indoor high definition LED scoreboard was installed in the arena 44 45 In June 2010 following Pollin s death in November 2009 the Leonsis group newly organized as Monumental Sports amp Entertainment bought out Pollin s interests gaining full ownership of the arena and the Wizards 46 A report emerged in May 2015 that Verizon would not renew its naming rights to the Verizon Center when its agreement with Monumental was to end in 2018 47 48 In the same week it was announced that Etihad Airways signed a deal to become the official airline of the arena sparking speculation that Etihad might be the leading contender to assume naming rights in 2017 49 However on August 9 2017 it was announced the bank Capital One had purchased the rights renaming the venue Capital One Arena 50 51 52 In 2019 and 2020 Monumental Sports and Entertainment Network undertook a 30 million renovation of the stadium This included completely replacing the arena s seating improving the concourse and altering many of the arena s dining options A new larger overhead video board was also added as well as a new SkyRing video screen that goes around the top of the arena 53 54 In July 2020 bookmaker William Hill opened a sportsbook at the arena following the 2018 legalization of sports betting in Washington 55 It was the first brick and mortar sportsbook in the District and the first to open at a professional sports venue in the United States 55 Sports EditIce hockey Edit The Capitals playing the Pittsburgh Penguins during the 2017 Stanley Cup playoffs at Capital One Arena then known as the Verizon Center The arena has been home to the Capitals NHL team since its opening As a result numerous memorable moments in franchise history have occurred in the arena The arena hosted games three and four of the 1998 Stanley Cup Finals when the Capitals lost to the Detroit Red Wings in four games The Red Wings hoisted the cup in the arena on June 16 1998 after winning game four by a score of 4 1 On April 5 2008 the Capitals won the Southeast Division in the last game of the regular season after beating the Florida Panthers 3 1 May 4 2009 saw dueling hat tricks from Ovechkin and rival Sidney Crosby of the Pittsburgh Penguins during a playoff game 56 The arena also hosted games three and four of the 2018 Stanley Cup Finals The Capitals won both games and then went on to win game five in Las Vegas which won them the Stanley Cup This was the first major sports championship for a Washington D C team since the 1991 Washington Redskins The Capitals had their Stanley Cup banner ceremony in the arena before their first game of the next season which took place on October 3 2018 Also the arena hosted the 2009 Frozen Four the final round of the 2009 NCAA Division I Men s Ice Hockey Tournament Basketball Edit The arena has been home to the Wizards NBA team since its opening and was home to the Washington Mystics WNBA team from 1998 to 2018 before moving to a new smaller arena in the Congress Heights area of southeast Washington 57 The Georgetown Hoyas men s basketball team has also played there since the arena s opening The arena has hosted three basketball all star games the 2001 NBA All Star Game and the 2002 and 2007 WNBA All Star Games The arena has been home to many playoff games for the various playoff teams but has yet to host an NBA finals series The arena has hosted NCAA Division I men s basketball tournament rounds several times It hosted first and second round games in 1998 2002 2008 and 2011 and hosted the regional finals in 2006 2013 and 2019 58 Most notably the 2005 06 George Mason Patriots men s basketball team from nearby Fairfax Virginia advanced to the Final Four in the arena The arena also hosted the Atlantic 10 men s basketball tournament in 2018 and 2022 It hosted the ACC men s basketball tournament in 2005 and 2016 The Harlem Globetrotters play in the arena on an annual basis Fighting and wrestling Edit In the professional fighting world the arena has hosted WWE events as well as the final four editions of WCW s Starrcade The arena has hosted Backlash in 2000 SummerSlam in 2005 Cyber Sunday in 2007 Survivor Series in 2009 Capitol Punishment in 2011 and Battleground in 2016 The arena frequently hosts Raw and SmackDown shows as well The arena was also home to Mike Tyson s final fight Mike Tyson vs Kevin McBride on June 11 2005 59 and on October 1 2011 UFC Live Cruz vs Johnson was held at the arena 60 On December 7 2019 UFC on ESPN Overeem vs Rozenstruik was held at the arena On October 2 2019 the Capital One Arena hosted AEW Dynamite the first televised professional wrestling event by All Elite Wrestling It was broadcast on TNT in the United States of America and on ITV4 in the United Kingdom 61 62 Arena football Edit In 2017 the Washington Valor began play at the arena for their inaugural season in the Arena Football League 63 The Valor folded in 2019 and the arena has not hosted an Arena League game since Gymnastics and figure skating Edit The arena hosted the 2003 World Figure Skating Championships and the 2016 Kellogg s Tour of Gymnastics Champions 64 Music and other entertainment EditThe arena is a major location for concerts and cultural events in the D C region Among the musical performers cultural figures and entertainment shows that have performed at the arena are Janet Jackson Mariah Carey Paul McCartney U2 Iron Maiden Lady Gaga Madonna the Three Tenors Drake Barbra Streisand Bon Jovi Prince Tim McGraw Faith Hill Beyonce the Dalai Lama Tina Turner Keith Urban Paul Simon Sting Taylor Swift Tyler the Creator Elton John Usher Green Day the Who Bad Bunny Billie Eilish Dua Lipa Trans Siberian Orchestra Disney on Ice and k pop group Seventeen The Washington International Horse Show took place every October in the arena for more than 20 years through 2019 after which it was moved out because of the Covid 19 pandemic Criticism EditGentrification Edit When the arena opened there was concern that it would lead to the displacement of Chinese businesses and culture in the area that is the city s Chinatown 65 The surrounding area has indeed been dramatically gentrified and most of the Chinese residents and businesses who lived and operated in the neighborhood when the arena first opened have been displaced because of the spike in real estate prices 66 2011 estimates hold that the number of Chinese in the neighborhood is down to around 400 to 500 66 The Chinese owned restaurants and businesses in the Chinatown area are largely gone and there has not been a full service Chinese grocery in the neighborhood since 2005 66 Ice quality issues Edit In December 2007 then Capitals captain Chris Clark stated that he believed the arena had the worst ice in the NHL There s a lot of ruts in the ice It s soft It s wet half the time I could see a lot of injuries coming from the ice there It could cost players their jobs Even guys on other teams say the same thing When we re facing off they say How do you guys play on this Capitals owner Ted Leonsis addressed this criticism directly 67 The ice quality issue has been persistent both since the opening of the facility and with the Capitals franchise in general 68 Since Leonsis acquisition of the facility the quality of the ice has got better according to whom and number of complaints has noticeably decreased During playoff games the arena installs additional portable refrigeration units outside the arena to aid the ice conditions during the warm and humid summer months 69 Gallery Edit A Washington Wizards game A Washington Capitals game A Washington Valor game The final of the Atlantic 10 men s basketball tournament in 2018 WWE Monday Night Raw in the arena in 2014 A Justin Timberlake concert in 2020 Banners of retired numbers and team accomplishments for the Capitals A satellite view of the arena in 2008See also EditList of NCAA Division I basketball arenas List of National Hockey League arenas List of National Basketball Association arenas United States portalReferences Edit Carrera Katie December 6 2012 Hershey Bears Play AHL Showcase at Verizon Center Keeping Capitals Fans Entertained for One Night During NHL Lockout The Washington Post Archived from the original on April 12 2013 Retrieved February 5 2013 Heath Thomas November 25 2004 On Hockey Nights A Center of Inactivity The Washington Post Retrieved November 11 2011 a b c Johnston Louis Williamson Samuel H 2023 What Was the U S GDP Then MeasuringWorth Retrieved January 1 2023 United States Gross Domestic Product deflator figures follow the Measuring Worth series a b c d Verizon Center AECOM Retrieved September 29 2017 Bailey W Scott December 6 2002 New S A Sports Firm Set to Play Pivotal Pole in Big NBA Projects San Antonio Business Journal Archived from the original on 2012 07 13 Retrieved February 5 2013 Verizon Center Delon Hampton amp Associates Archived from the original on 2012 04 02 Retrieved February 5 2013 MCI Center Emporis com Retrieved September 29 2011 dead link a b Name Change MCI Center to be Verizon Center ESPN Associated Press January 7 2006 Retrieved February 5 2013 a b c d Maryann Haggerty September 4 1995 The Place that lost its heart The Washington Post Retrieved 2021 08 01 a b Joel Glenn Brenner October 30 1989 What happened to Gallery Place The Washington Post Retrieved 2021 08 01 Ken Rosenthal December 9 1993 Bullets Capitals at Camden Yards The Baltimore Sun via NewsBank Mark Hyman December 24 1993 Pollin won t rule out a move downtown The Baltimore Sun via NewsBank Thomas Boswell December 4 1993 It s not pretty but it does the job The Daily Oklahoman Washington Post via Newspapers com Bullets Caps might leave home arena News amp Record Greensboro NC December 27 1993 via NewsBank Bullets Capitals off to new arena The Miami Herald December 11 1993 via NewsBank Jon Morgan June 8 1994 Pollin D C talking deal on moving to Washington The Baltimore Sun via NewsBank City nears deal on sports arena The Washington Times June 4 1994 via NewsBank a b Funding set for D C sports arena The Star Ledger Newark NJ July 20 1994 via NewsBank Adrianne Flynn Matt Neufeld August 11 1994 D C officials cautious about offer to fund arena The Washington Times via NewsBank Adrianne Flynn December 24 1994 Pollin offers to pay for downtown sports arena The Washington Times via NewsBank a b Cheryl W Thompson April 30 1998 City paying for police at MCI Center The Washington Post Retrieved 2021 08 01 Final Status on the Sports Arena PDF Report United States General Accounting Office July 1998 pp 1 3 Retrieved 2021 08 01 Robert J Terry June 22 2012 30 Years MCI Center opens in East End Washington Business Journal Retrieved 2021 08 01 Status of the Sports Arena PDF Report United States General Accounting Office November 1997 p 13 Retrieved 2021 08 01 Lorraine Woellert June 8 1995 For downtown arena future is now The Washington Times via NewsBank Lorraine Woellert October 19 1995 Pollin digs in for arena The Washington Times via NewsBank Stephen Dinan Gerald Mizejewski December 3 1997 First night in a new home The Washington Times via NewsBank McNeil Martha 2001 08 31 Discovery to Shut Down Store at MCI Center The Washington Post Retrieved 2022 02 16 National Sports Gallery Set To Open Associated Press 1998 02 25 Retrieved 2022 02 16 Former Arlington Judge Baseball Historian Dies WTOP News Wtop com 17 January 2014 Retrieved 2022 02 16 An Opener to Behold at MCI Center washingtonpost com 1997 12 03 Retrieved 2022 02 16 Hall of Fame Americansportscastersonline com Retrieved 2022 02 16 A Mini Encyclopedia of 90s Washington 16 December 2021 Fun Street F Street Sign in Washington DC Photos on Cazort net 2002 05 28 Retrieved 2022 02 16 Washington Wizards Owners Irene amp Abe Pollin Washington Wizards Nba com 2002 05 10 Retrieved 2022 02 16 Wilbon Michael 1997 11 14 A Center That Deserves Attention The Washington Post Retrieved 2022 05 26 January 1998 Stories Knowledgeway org Future is now at MCI Center Arena The attractions only start with the Wizards and Capitals at Washington s 21st century sports and entertainment complex Baltimoresun com Pollin Alters Plan on Providing Smart Seats at Mci Center Sportsbusinessjournal com MCI Center technology shoots for new standard Bizjournals com Retrieved 2022 05 30 Jerry Bembry May 13 1999 Pollin sells part of sports empire The Baltimore Sun via NewsBank a b Eric Fisher January 12 2000 Leonsis gains more control The Washington Times via NewsBank Gym Nauseam Washingtoncitypaper com 3 October 2014 Verizon Center Shows off First True Indoor HD LED Scoreboard Engadget September 28 2007 Archived from the original on 2011 07 23 Retrieved November 11 2011 Nakamura David December 2 2007 Verizon Center Marks 10th Anniversary The Washington Post Retrieved January 17 2014 Thomas Heath June 10 2010 Leonsis holdings under new Monumental Sports include Wizards Verizon Center The Washington Post Retrieved 2021 07 17 Hobson Will Verizon still mulling whether to renew naming rights to Verizon Center The Washington Post Report Verizon will not renew arena naming rights WUSA9 Clabaugh Jeff Monumental Sports amp Entertainment teams with international airline in sponsorship deal Washington Business Journal MSE and Capital One Announce New Arena Naming Rights Partnership Press release Washington Wizards August 9 2017 Retrieved September 29 2017 MSE and Capital One Announce New Arena Naming Rights Partnership Press release Washington Capitals August 9 2017 Retrieved September 29 2017 Steinberg Dan August 9 2017 Verizon Center to become Capital One Arena starting now The Washington Post Retrieved September 29 2017 Katishi Maake Take a look at the big upgrades at Capital One Arena Washington Business Journal Capital One Arena introduces visual entertainment revolution powered by Colosseo Scoreboards Video Cubes LED Video Displays Biometric Face Recognition Sports amp Statistics Colosseoeas com Retrieved 30 May 2022 a b Rick Maese July 31 2020 D C s first sportsbook opens at Capital One Arena The Washington Post Retrieved 2021 07 17 Great Capitals moments in Verizon Center history Nbcsports com Wallace Ava Mystics hope for a true home court advantage at new Entertainment and Sports Arena The Washington Post Retrieved July 29 2019 Georgetown University Verizon Center to Host 2019 NCAA March Madness Games Nbcwashington com Tyson Announces Retirement After Quitting vs McBride USA Today 2005 06 12 Retrieved on 2013 09 01 UFC on Versus 6 sets event series attendance and live gate records MMAjunkie com October 2 2011 Archived from the original on May 10 2012 Otterson Joe All Elite Wrestling to Launch on TNT Wednesdays in October Variety Dangoor Louis AEW Confirms UK TV Deal Weekly Show To Air On ITV WrestleTalk Ted Leonsis to announce D C is getting an Arena Football League team Scott Allen The Washington Post March 10 2016 2016 Kellogg s Tour of Gymnastics Champions capitalonearena viewlift com Retrieved March 25 2019 Lowman Stephen January 28 2009 The Shrinking of Chinatown The Washington Post Retrieved January 29 2009 a b c Nakamura David July 1 2011 Wah Luck House Maintains Culture of Dying D C Chinatown The Washington Post Retrieved July 10 2011 Leonsis Ted December 6 2007 Toughness Ted s Take Retrieved December 6 2007 Steinberg Dan February 10 2009 The Caps and Bad Ice A History The Washington Post Retrieved February 10 2009 Baca ABC7 Nathan 1 June 2018 What it takes to keep Capital One Arena chilled for the Stanley Cup Final WJLA Retrieved 4 October 2022 Wikimedia Commons has media related to Capital One Arena Events and tenantsPreceded byfirst arena Home of theWashington Mystics1998 2018 Succeeded bySt Elizabeths East ArenaPreceded byCapital Centre Home of theWashington Capitals1997 present Succeeded bycurrentPreceded byCapital Centre Home of theWashington Wizards1997 present Succeeded bycurrentPreceded byPepsi CenterDenver Colorado Host of theFrozen Four2009 Succeeded byFord FieldDetroit MichiganPreceded byTD Banknorth Garden Host of theSurvivor Series2009 Succeeded byAmerican Airlines ArenaPreceded byU S Bank Arena Host ofWWE Cyber Sunday2007 Succeeded byUS Airways Center Retrieved from https en wikipedia org w index php title Capital One Arena amp oldid 1134998762, wikipedia, wiki, book, books, library,

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