|Former names||MCI Center (1997-2006)
Verizon Center (2006-2017)
|Address||601 F Street Northwest|
|Public transit||Washington Metro
at Gallery Place
|Owner||Monumental Sports and Entertainment|
|Operator||Monumental Sports and Entertainment|
|Field size||1,020,000 square feet (95,000 m2)|
|Broke ground||October 18, 1995|
|Opened||December 2, 1997|
|Construction cost||US$260 million
($388 million in 2016 dollars)
Devrouax & Purnell
|Project manager||Seagull Bay Sports, LLC.|
|Structural engineer||Delon Hampton & Associates|
|Services engineer||John J. Christie Associates|
|Washington Wizards (NBA) (1997-present)
Washington Capitals (NHL) (1997-present)
Georgetown Hoyas (NCAA) (1997-present)
Washington Mystics (WNBA) (1998-present)
Washington Power (NLL) (2001-2002)
Washington Valor (AFL) (2017-present)
Capital One Arena is home to the Washington Wizards of the National Basketball Association (NBA), Washington Capitals of the National Hockey League (NHL), the Georgetown University men's basketball team, the Washington Mystics of the Women's National Basketball Association (WNBA), the Washington International Horse Show and was formerly the home of the Washington Power of the National Lacrosse League (NLL) from 2001 to 2002, and most recently the Washington Valor Arena Football League franchise. The Washington Valor drew an average home attendance of 11,179 in the 2017 AFL season, the highest in the league in their inaugural season. The arena's seating capacity is 20,308 for basketball and 18,506 for ice hockey.
Capital One Arena is owned by Monumental Sports & Entertainment and is situated on top of land leased from the District of Columbia. Capital One Arena was built in the mid-1990s solely with private financing and was originally owned by Abe Pollin from 1997 to June 2010. On June 10, 2010, following Pollin's death in November 2009, the Pollin family sold Capital One Arena, along with the Washington Wizards and the Washington-Baltimore area Ticketmaster franchise, to Ted Leonsis, who already owned the arena's other tenant, the Washington Capitals. Leonsis subsequently formed a new management company--Monumental Sports & Entertainment. Capital One Arena is largely considered to be a commercial success and is regarded as one of the driving catalysts of the revitalization (and gentrification) of Washington, D.C.'s Chinatown neighborhood. A report emerged in May 2015 that Verizon would not renew its naming rights to the Verizon Center when its agreement with Monumental ends 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 Verizon Center would be renamed Capital One Arena, effective immediately.
Capital One Arena has hosted many WWE and WCW events in the past. This includes Starrcade (1997), Starrcade (1998), Starrcade (1999), Backlash (2000), Starrcade (2000), SummerSlam (2005), Cyber Sunday (2007), Survivor Series (2009), Capitol Punishment (2011), & Battleground (2016). It has been a regular stop for Raw and SmackDown, & Nitro.
Capital One Arena, located in the Washington, D.C. neighborhood of Chinatown, originally opened on December 2, 1997, as the MCI Center, named after its sponsor, MCI Inc. Nearly a decade later, in January 2006, Verizon Communications purchased MCI Inc. and the arena's name was changed accordingly. The following year, in 2007, the "first true indoor high-definition LED scoreboard" was installed at Capital One Arena. On December 2, 2007, Capital One Arena celebrated the ten year anniversary of its opening. In December 2013, all electronic communications to and from the scoreboard and advertising fasciae were updated by ColosseoEAS.
When the arena opened there was concern that it would lead to the displacement of Chinese businesses and culture  in the area that is the city's Chinatown. The surrounding area has indeed been dramatically gentrified, and most of the Chinese residents and businesses who lived and operated in the neighborhood when the arena first opened have been displaced because of the spike in real estate prices. The Chinese population in Chinatown is a ghost of its former self--recent estimates hold that the number of Chinese in the neighborhood is down to around 400 to 500. The Chinese-owned restaurants and businesses in the Chinatown area are largely gone and there has not been a full-service Chinese grocery in the neighborhood since 2005. In their place, new residents and visitors to the area find an increasing number of mid-tier and upscale chains, such as Hooters, Fuddruckers and Legal Sea Foods.
In December 2007, then-Capitals captain Chris Clark gained a bit of press by stating that he believed the arena had the worst ice in the NHL. "There's a lot of ruts in the ice. It's soft. It's wet half the time. I could see a lot of injuries coming from the ice there. It could cost [players] their jobs... Even guys on other teams say the same thing. When we're facing off, they say, 'How do you guys play on this?'" Capitals owner Ted Leonsis addressed this criticism directly. The ice quality issue has been persistent both since the opening of Capital One Arena and with the Capitals franchise in general. Since Leonsis' acquisition of the facility, the quality of the ice has gotten better and number of complaints has noticeably decreased. During playoff games, the arena installs a system to help remove hot air and humidity to maintain the ice conditions during warmer times of the year.