Failure Clouds Glenn Youngkin’s Legacy

“No Virginia governor has come into office with a deeper dealmaking background than Glenn Youngkin, who as former co-chief executive of the Carlyle Group made a fortune acquiring and merging companies around the globe,” the Washington Post reports.

“But as the Republican chief executive of a purple state, Youngkin has struggled to translate that business acumen into political success — or even economic development success, with the demise Wednesday of his much-touted plan to bring the Washington Wizards and Capitals to Alexandria.”

“While Youngkin and his group of financial experts had negotiated with team owner Ted Leonsis to cut what the governor called ‘the single largest economic development deal in Virginia’s history,’ the governor was never able to work the same magic with members of the General Assembly who had to sign off on the $2 billion project.”