Virginia Beach Mayor Sets Deadline For Arena Deal - ABC 8NEWS - WRIC | Richmond, Virginia News & Weather

Virginia Beach Mayor Sets Deadline For Arena Deal

Posted: Updated:

VIRGINIA BEACH, Va. (AP) - Virginia Beach's mayor is setting a Monday deadline for Comcast Spectacor and an NBA team to agree on a lease for a proposed $300 million arena.

Mayor Will Sessoms tells media outlets that the city can't ask the General Assembly to provide $150 million for the project if there's no lease agreement.

City officials plan to partner with the Philadelphia-based sports and entertainment company to try and lure an NBA team to the town with an 18,500-seat arena near the Oceanfront.

Comcast Spectacor would lease and operate the arena. A Comcast-Spectacor spokesman declined to comment.

A specific team hasn't been mentioned. A likely target for relocation would be the Sacramento Kings, which failed to reach a deal to build a new arena there last spring.

 

(Copyright 2013 The Associated Press. All rights reserved.)

Powered by WorldNow

301 Arboretum Place, Richmond
VA, 23236

Telephone: 804.330.8888
Fax: 804.330.8881
Email: news@wric.com

Can't find something?
Powered by WorldNow
All content © Copyright 2000 - 2014 Media General Communications Holdings, LLC. A Media General Company.