The proposal would have created a new entertainment district in the Potomac Yards area, with an arena for Washington, D.C.’s professional basketball and hockey teams.
The construction management joint venture has committed to a target of 35% of project subcontracts to be awarded to local and minority- and woman-owned businesses.
Filing by football franchise's real estate affiliate noted a court-led financial restructuring to achieve project's orderly wind-down, with CM-at-risk joint venture partners Mascaro Construction and Barton Malow listed among creditors with a $26-million claim.