Ticket prices may increase to pay for possible facelift

D.C.’s Verizon Center sports arena is slated to receive $50 million in renovations under a new bill proposed by the D.C. Council. The bond project would give the 10-year-old sports complex a new scoreboard and other upgrades. To recoup money from the issuance of bonds, the legislation calls for a 4.25 percent tax hike on ticket receipts. The arena is home to the NBA’s Washington Wizards and the NHL’s Washington Capitals.

Watch this report from the Observer’s Marija Stajic (1 minute 27 seconds).