This is a monumental opportunity to create a world-class arena and entertainment district in Alexandria at Potomac Yard. Virginia is the largest state in the country without a professional sports team, and building the arena changes that in just a few years.
This unprecedented project will join Amazon’s HQ2 and the Virginia Tech Innovation Campus to bring to life an unparalleled vision that will create exceptional experiences, unite our communities, and foster economic growth.
Monumental will join Amazon HQ2 to create the nation's premier sports, entertainment and innovation corridor complete with an arena, concert venue, hotel and conference center, and mixed-use housing, retail, and restaurants.
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With the building of the new arena and entertainment district, the quality of life for residents in northern Virginia will greatly improve to include better shopping, dining options, more housing, and more local entertainment. The arena district will redevelop vacant and underutilized land to create a new, more stable tax base in Alexandria. Those funds will be used to invest in local priorities such as affordable housing, better schools, and better transportation infrastructure.
Sports and entertainment are a catalyst for shared prosperity and economic growth. This project is an investment in the future, creating an economic win-win-win.
Source: HR&A Economic Analysis Presented to Virginia General Assembly's MEI Commission.
Source: HR&A Fiscal Impact Analysis as of 12/1/2023
$7 billion economic impact to Commonwealth represents direct revenue impact generated by Phases 1, 2 and 3, and indirect/offsite economic impact. $5 billion economic impact to City of Alexandria represents direct revenue impact generated by Phases 1, 2 and 3, and indirect/offsite economic impact.
The community’s interests and MSE/JBG SMITH interests are completely aligned on transportation. This project will not succeed unless there is an ability to get people to and from the arena and surrounding entertainment district. In addition to a metro station right near the complex, the plan would include a large underground parking area so visitors are not parking in residential areas. A preliminary transportation analysis was completed to understand initial transportation priorities for the project. A full plan that will take into account community input is now underway.
Move people in and out of events with minimal disruptions to the local community with a 2,500-space underground parking garage, shuttle access to other nearby parking, improved Metro access, dedicated rideshare areas, and rideshare promotions.
Protect nearby neighborhoods, ensuring eventgoers do not park on local streets and that traffic does not disrupt daily life.
Complete a number of important transportation improvements in the Route 1 corridor, including DASH upgrades, intersection and turn lane upgrades, and additional EV charging stations.
Address capacity at nearby stations and strengthen transit access within the local community.