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

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

D.C. Mayor Muriel Bowser has submitted a new bill to the D.C. Council to transfer ownership of Capital One Arena, home of the Washington Capitals and Wizards, to the city, WTOP has learned.