Under the proposal, the city, which already owns the land under the arena, would buy the building for $87.5 million.

After months of negotiations to keep the Washington Wizards and Capitals in D.C., Mayor Muriel Bowser wants to use millions of dollars for the District to buy and own Capital One Arena. The proposal was filed by DC Council Chairman Phil Mendelson.

D.C. Mayor Muriel Bowser has proposed legislation to buy Capital One Arena for $87.5 million after months of negotiations to keep the Washington Capitals and Wizards playing in the District. Under Bowser’s proposal,