|

Comcast-Spectacor and Live Nation, two of the nation's leading
producers of entertainment, joined Warren Harris, director of the
Virginia Beach Department of Economic Development, in a
presentation to City Council on August 28th. They have proposed a
partnership with the City in the development and operation of an
arena adjacent to the Virginia Beach Convention Center. The
18,500-seat arena is estimated to create more than 1,200 new jobs,
$98 million in economic impact, and more than 200 sports and
entertainment events to the region in the first year. The project
team will prepare a term sheet for the City Council to review in
October. Comcast-Spectacor has proposed a 25-year lease on the
facility and along with Live Nation will oversee the operations and
programming of the arena. The company has also committed to pursue
a professional sports franchise.
|
Virginia Beach Arena
18,500-seat /
750,000-square-foot
Arena Proposed for
Virginia Beach
For more information and to sign up for project updates, visit bringitva.com.
|