#1 Job creation
Although they’ll be leaving the District, they’re still in a place others can get to via the metro. And Northern Virginia is growing in job opportunity. This project is expected to create up to 30,000 jobs. In addition, the new arena will be next to one of Virginia Tech’s satellite campuses.
Being next to a Virginia Tech building will create opportunities for those respective students. A spokesman with Virginia Tech, Mark Owczarski, said, “Yesterday, something big happened right next door.”
The new entertainment district is expected to take up to 70 acres. The Virginia governor Glenn Youngkin said this development would be “opening unique partnerships, between Monumental (Sports and Entertainment) and Virginia Tech, focused on entrepreneurship, sports analytics, immersive technologies, and innovative new businesses and media strategies.”
While there will be less events at Capital One Arena the building won’t close completely and for the current arena workers that want to work NBA or NHL they can always metro. For the ones seeking jobs in Northern Virginia, get those applications ready.
Lots of economic development will be around the arena and concert venue including restaurants, retail sores and businesses as well as Amazon’s headquarters. It’s a $2 billion project that both Virginia and Monumental want to succeed in whether you’re for or against the move.