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Stock impact report

JBG SMITH Releases Statement on Potomac Yard Entertainment District Proposal

JBG SMITH Properties Common Shares (JBGS) 
Last jbg smith properties common shares earnings: 2/25 04:15 pm Check Earnings Report
US:NYSE Investor Relations: investors.jbgsmith.com
Company Research Source: Business Wire
BETHESDA, Md.--(BUSINESS WIRE)--JBG SMITH (NYSE: JBGS) today issued a statement on the Potomac Yard Entertainment District.Statement from Matt Kelly, CEO, JBG SMITH to stakeholders:Dear JBG SMITH Stakeholders:In December, we announced plans to develop an entertainment district in Potomac Yard, anchored by the Washington Capitals, Washington Wizards and the Monumental Sports & Entertainment corporate headquarters. Today it was announced that discussions between Monumental, Alexandria and the Commonwealth of Virginia have been terminated. While we had made great strides in advancing the project’s transportation plan, overall design and financing structure, the opportunity was derailed largely due to partisan politics and, most troubling, the influence of special interests and potential pay-to-play influences within the Virginia legislature.This was a once-in-a-generation opportunity to build a world-class arena and entertainment district at Potomac Yard and to realize the vision of Show less Read more
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