Subscribe     Pay Now

United States Procurement News Notice - 85761


Procurement News Notice

PNN 85761
Work Detail On Thursday 19 Dec, Monumental Sports & Entertainment released the new Capital One Arena renovations renderings which showed the detailed plans for the massive reconstruction of the facility on the downtown DC’s skyline. Monumental Sports & Entertainment CEO Ted Leonsis joined DC Mayor Muriel Bowser and Councilmember Brooke Pinto at Gallery Place Atrium for a ceremonial groundbreaking. This milestone comes after the DC Council buying the arena from the Washington teams’ owner for $87. 5 million. Investment Details and Timeline The transformation will be expensive, it will cost more than three hundred million dollars, this includes $515 million in public funds from 2025-2027 and $372. 5 million from Monumental. DC will enter into a lease agreement with Monumental for the arena in the next 25 years with an option of extending the contract. Design Inspiration and Vision The new design of the building is meant to be reminiscent of the Pierre L’Enfant’s 1791 DC street grid and incorporates features that are found in the National Portrait Gallery. In an interview, Leonsis stated that the Capital One arena will be reconstructed to be an “archetype of the modern arena with state-of-the-art technology” thus creating a landmark that is be be in the present time and in the past. Construction Phases and Improvements The renovation will unfold across six phases through 2027: Initial structural work includes escalator pit installations Summer improvements focus on athlete facilities and luxury areas 2025-26 season brings a new F Street entrance and improved amenities Summer 2026 introduces the new facade 2026-27 season features corridor enhancements and seating updates Premium Experiences The United Globe Club and Lounge, partnering with United Airlines, will accommodate 800 and 150 guests respectively per event. Capital One Arena Renovations: Community Impact Mayor Bowser highlights this project as “a catalytic investment” benefiting downtown DC, the teams, and the entire region. The redesign includes a new “People’s Plaza” along Seventh Street NW, creating vibrant public space between the arena and Portrait Gallery. Project Leadership Sports consultant CAA ICON leads project management, with Gensler as architect and Clark Construction as general contractor. The team promises minimal disruptions during construction, with most initial work happening behind the scenes. Capital One Arena Renovation Project Factsheet Project Overview Project: Capital One Arena Renovation Location: Washington, DC Total Investment: $800+ million Public Funding: $515 million Private Funding: $372.5 million (Monumental Sports) Key Stakeholders Owner: DC Operator: Monumental Sports & Entertainment Project Manager: CAA ICON Architect: Gensler General Contractor: Clark Construction Timeline Start Date: December 19, 2024 Completion Date: Summer 2027 Lease Term: Through 2050 (with extension options) Capital One Arena Renovations Major Features New exterior facade Enhanced F Street entrance United Globe Club (800-person capacity) United Lounge (150-person capacity) Upgraded athlete facilities Modernized concessions New People’s Plaza Construction Approach Six-phase implementation Continuous operation during renovation Minimal event disruption Focus on behind-the-scenes work initially
Country United States , Northern America
Industry Construction
Entry Date 24 Dec 2024
Source https://constructionreviewonline.com/news/new-renderings-reveal-ambitious-capital-one-arena-renovations/

Tell us about your Product / Services,
We will Find Tenders for you