Capital One Arena
Capital One Arena is an indoor arena in Washington, D.C. Located in the Chinatown section of the larger Penn Quarter neighborhood, the arena sits atop the Gallery Place rapid transit station of the Washington Metro. The arena was opened on December 2, 1997 as MCI Center, but renamed to Verizon Center in 2006 when MCI was acquired by Verizon Communications. The name was changed to Capital One Arena in 2017 when Capital One bank, headquartered in nearby Tysons, Virginia, purchased the naming rights.
Owned and operated by Monumental Sports & Entertainment, it is the home arena of the Washington Capitals of the National Hockey League, the Washington Wizards of the National Basketball Association, and the Georgetown University men's basketball team. It was also home to the Washington Mystics of the Women's National Basketball Association from 1998 to 2018, after which they moved to the CareFirst Arena in southeast Washington for the 2019 season. The arena project was a commercial success for its backers.
The development of the arena has contributed to the gentrification of the surrounding area, the displacement of most of its Asian-American residents, and the replacement of most of the small businesses and restaurants that served the Asian-American community by national chains.
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. By the 1960s, it was suffering from urban decay, like much of the eastern end of Downtown Washington. In 1973, while the Gallery Place Metro station was being developed below it, the District government bought the land in hopes of redeveloping it. Capital Landmark Associates was selected in 1979 to develop the site with a planned mixed-use complex including retail, offices, apartments, and a hotel. Most of the remaining buildings on the site were demolished in 1985. The project languished for many years but never materialized, and was finally canceled in 1992.Before the arena's opening, the Capitals and the Wizards 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. 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.
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. The D.C. Council approved a special tax on businesses to finance the deal. However, a competing proposal soon emerged, when Robert Johnson, head of Black Entertainment Television, offered to build the arena with mostly private financing. 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. 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. The District leased the land to Pollin at a below-market rate of $300,000 per year.
A naming rights deal was struck with MCI Communications to name the arena as the MCI Center. The groundbreaking ceremony for the project was held in October 1995. 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. The arena had a Discovery Channel Store from 1998 to 2001 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. A block of F Street NW between 6th and 7th Street NW outside the arena was declared Fun Street, complete with signage. This block later was declared Abe Pollin Way in 2007. 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. The arena concourse featured multimedia arenaNet stations where fans could check scores, watch highlights, and send digital postcards over email. These replaced an abandoned idea to have smart seats with televisions and technology that was scrapped due to technological challenges. Arena technology was powered by a virtual LAN software and switching technology called ArenaNET from Cabletron Systems.
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. The Leonsis group increased its stake to 44% in 2000.
In January 2006, Verizon Communications purchased MCI and the arena's name was changed accordingly to Verizon Center. VIDA Fitness opened its first location in the arena that same year. The following year, in 2007, the "first true indoor high-definition LED scoreboard" was installed in the arena. In May 2024, VIDA Fitness announced that they would close their Gallery Place location. Gallery Place, a 14-screen movie theater, opened at Capital One Arena in 2004.
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.
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. 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. However, on August 9, 2017, it was announced that the bank Capital One had purchased the rights, renaming the venue Capital One Arena. In October 2024, it was revealed that Etihad Airways is no longer the official airline for Capital One Arena as United Airlines was chosen as the new official airline.
In 2019 and 2020, Monumental Sports undertook a $30 million renovation of the arena. 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.
In July 2020, bookmaker William Hill opened a sportsbook at the arena, following the 2018 legalization of sports betting in Washington. 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.
On June 23, 2023, The Washington Post reported that Monumental Sports was considering moving the Capitals and Wizards to a new arena in the National Landing area of Arlington in Northern Virginia if the Washington, D.C. government did not invest in upgrades to the arena and surrounding area. Despite this, the article outlined that the city intended on continuing its dialogue with the company to keep both teams in Capital One Arena. Monumental later pivoted to a part of the National Landing area lying in a different Northern Virginia jurisdiction, announcing on December 13, 2023, that it planned to build the new arena in the Potomac Yard area of Alexandria. Under the revised plan, Capital One Arena would have remained in use as a concert and event venue during the NBA and NHL seasons, and also become the permanent home of Monumental's Women's National Basketball Association team, the Washington Mystics. In March 2024, after officials in Alexandria announced that the $2 billion entertainment and sports complex plans were scrapped, Washington, D.C. mayor Muriel Bowser announced that she had signed a deal with both teams' majority owner, Ted Leonsis, to keep the Capitals and Wizards in the District "at least until 2050." The deal will see a massive renovation to the arena which will be completed by 2028 in six phases, changing the exterior and interior that will include new technology and improved fan experiences.
Capital One Arena is in the early stages of a multi-year $850 million renovation that will completely alter the exterior and parts of the interior of the arena. $515 million is coming from the District of Columbia government, while the rest is being paid for by Monumental Sports and Entertainment, which owns the teams. The renovation is expected to be completed in time for the start of the 2027-2028 NHL and NBA seasons.
The indoor parade of the second inauguration of Donald Trump took place in the arena on January 20, 2025.
Sports
Ice hockey
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 namesake Stanley 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. Game 2 of the 2009 Eastern Conference semifinals between the Capitals and the Pittsburgh Penguins, played on May 4, 2009, saw dueling hat tricks from Ovechkin and rival Sidney Crosby of the Pittsburgh Penguins, culminating in a 4–3 victory for Washington thanks to an additional goal from David Steckel. 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 to capture the Stanley Cup for the first major sports championship for a Washington, D.C. team since the 1991 Washington Redskins. The Capitals had their Stanley Cup banner installation ceremony in the arena before their first game of the next season, which took place on October 3, 2018.On April 4, 2025, with Wayne Gretzky and commissioner Gary Bettman in attendance, Ovechkin scored goals 893 and 894 in a 5-3 Capitals win over the Chicago Blackhawks. This tied him with Gretzky for the all-time goals record.