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 This material may not be published, broadcast, rewritten or redistributed.)

The comments sections of are designed for thoughtful, intelligent conversation and debate. We want to hear from our viewers, but we ask that you follow our rules for commenting. E-mail is required to comment on a story, but it will not be displayed with your comment. For complete rules, CLICK HERE. The Newsplex reserves the right to not post or to remove any comment.
powered by Disqus
The Charlottesville Newsplex 999 2nd Street S.E. Charlottesville, VA 22902 434.242.1919 – Main 434.220.7522 - Newsroom
Copyright © 2002-2014 - Designed by Gray Digital Media - Powered by Clickability 183095411 -
Gray Television, Inc.