Short answers, pulled from the story.
The arena opened on the 2nd of December 1997 as the MCI Center. The District of Columbia purchased the land between 6th and 7th Streets in 1973 before the project began construction.
Capital One bank purchased the naming rights on the 9th of August 2017 to rename the venue Capital One Arena. Verizon Communications had owned the naming rights since January 2006 after purchasing MCI Communications.
The Washington Capitals have played home games at the facility since its opening on the 2nd of December 1997. The Wizards NBA team has called the venue home since 1997 while the Washington Mystics WNBA team played there from 1998 until 2018.
By 2023 that number had dropped to just 300 residents remaining in the area. The local Chinese-American population numbered over 3,000 before construction began.
The project aims to be completed by the start of the 2027-2028 NHL and NBA seasons. Six phases will alter the building's structure and fan experience with funding split between the District government and Monumental Sports.