McDonnell not to include arena in December's budget proposal - NBC12 - Richmond, VA News

McDonnell not to include arena in December's budget proposal

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VIRGINIA BEACH, VA (WWBT) -

Governor Bob McDonnell will not include $150 million in his proposed budget to help bring an NBA team to Virginia Beach.

McDonnell spokesman Tucker Martin told The Associated Press on Friday the project could still be funded, but further study is needed.

Virginia Beach is considering building a $300 million, 18,500-seat arena near the oceanfront to persuade an unnamed professional sports team to relocate there. The city asked the state to pay $70 million for construction and $80 million toward the unidentified team's relocation costs. A likely target for relocation would be the NBA's Sacramento Kings, which failed to reach an agreement to build a new arena there this spring.

The multi-million dollar project would bring a "futuristic entertainment megaplex" to the land between 18th and 20th streets which is currently used as a public parking lot.

The design includes a Broadway-style theater, a skating rink, indoor amusement rides and one of the largest Ferris wheels on the East Coast.

There's talk that the N-B-A's Sacramento Kings could relocate here.

Without state assistance, city officials say the arena deal is dead.

McDonnell will unveil his budget proposal December 17.

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