Comcast-Spectacor and Live Nation, two of the nation’s leading producers of entertainment, have presented to the Virginia Beach City Council a proposal to assist the city in operating an arena near the Virginia Beach Convention Center. The proposed 18,500-seat arena would be a game-changer for both the city and the region, bringing jobs, new revenue, and major entertainment events to the City. An economic impact study stated that the 18,500-seat sports arena would create 1,230 jobs and generate $98 million in revenue in 2015, including $66 million in Virginia Beach. The estimated cost of the arena is $350 million.
The arena in Virginia Beach signifies an unprecedented public-private partnership between the City of Virginia Beach and two giants of the entertainment industry – Comcast-Spectacor and Live Nation. Both companies have long histories of success in Hampton Roads with venues that include the Ted Constant Convocation Center, the Sandler Center for Performing Arts, and the Farm Bureau Amphitheater, and this proposal is a commitment to the City’s longterm success.
To learn more, visit www.bringitva.com/