Proposed 18,500 seat arena in Virginia Beach
VIRGINIA BEACH, Va. - In response to an outpouring of speculation in the media that the opportunity for Virginia Beach to secure a new sports arena and basketball team was dead, the city's mayor and Comcast-Spectator's C.O.O. released a joint statement for clarification Tuesday morning.
In the release, Mayor William D. Sessoms Jr. and Comcast-Spectator President and Chief Operating Officer Peter Luukko, stated, "The city of Virginia Beach and Comcast-Spectacor are working diligently to reach an agreement to build an entertainment and sports arena at the Virginia Beach resort. Both parties remain committed to the concept of an arena in Virginia Beach and to continuing discussions with a potential anchor tenant."
However, Sessoms Jr. and Luukko admitted insufficient progress had been made to "go before the General Assembly to request the necessary funding" for the project. "We must have a firm proposal for the legislature to consider. We must make more progress with our discussions."
Sessoms and Luukko insisted the arena's proposed site of Hampton Roads was prime for a large sports and entertainment venue due to the market's size, strong local economy, and ideal location.
In closing, the statement said it was "is in the best interests of the city and Comcast-Spectator to continue their discussions about how to make this happen."