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Virginia Beach Moves Forward with Funding for NBA Arena

VIRGINIA BEACH, Va. (AP) - Virginia Beach has voted to move forward on a deal to build a $300 million arena to lure an NBA team.

Media outlets report the city council voted 9-2 Tuesday to support a plan to partner with Philadelphia sports and entertainment company Comcast-Spectacor to try to attract a team with an 18,500-seat arena near the Oceanfront. A final vote will come in February or March.

The city is moving forward despite no funding commitment from the state. While Gov. Bob McDonnell supports the efforts, he did not include the $150 million the city requested in his proposed budget. Funding could be added in after the proposal is studied further.

Comcast-Spectacor would lease and operate the arena for 25 years. No arena would be built without a pro sports team's commitment.

(Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)


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