opinion
Washington Subway’s Financial Woes Underscore Folly of Virginia Sports Arena Plan
It would be nearly impossible to make the folly of government economic development more obvious than two recent announcements in the Washington, D.C., area. On Dec. 13, Virginia Gov. Glenn Youngkin announced a $2 billion arena project in suburban Alexandria, Virginia, that would be the new home for the NHL’s Washington Capitals and NBA’s Washington Wizards of the NBA, who now…