Community Briefing for Proposed New Arena Set for Thursday, Nov. 19
City Council seeks public comments online and at public hearing Dec. 1
City officials will present details of a new agreement reached with United States Management, a private development group based in Virginia Beach that would finance, build and operate the arena. USM officials also will make a presentation at the meeting. After the presentations, city officials and USM representatives will take questions from the audience.
The city and USM have negotiated terms for the development, construction and operation of a 500,000-square-foot entertainment and sports arena on city-owned land at the resort, adjacent to the Convention Center. Details of the draft agreement, including the complete documents developed as part of the deal, can be found on the city’s website at www.VBgov.com/arena.
Citizens can share their thoughts with the City Council in two other ways:
- Public hearing – Dec. 1 at 6 p.m. in the City Council chamber at City Hall, 2401 N. Courthouse Drive, second floor.
- Virtual Town Hall – For two weeks, today through Dec. 2. Go to www.VBgov.com/virtualtownhall. All comments will be forwarded to the City Council.
A final vote on the arena agreement is scheduled for Tuesday, Dec. 8.
Representatives of the city and USM have been working for more than a year to develop the agreement. It is a unique arrangement. Arenas are typically built using only public funds. This $200 million arena will be built and operated by the private developer. The city will lease the land for the building and make $76.5 million in infrastructure improvements for such things as roads, parking, public plaza, lighting, underground utilities and streetscapes. Funding will come from the city’s Tourism Investment Program Fund, which includes taxes on discretionary spending – restaurant meals, theater admissions, hotel stays and cigarettes.
“We are seeking our citizens’ feedback on this deal in its entirety,” Mayor William D. Sessoms, Jr., said. “It took many months and countless hours to bring forward a joint agreement. Now it is the public’s turn to let us know what they think of it so we can consider their opinions in our votes.”
The agreement is summarized in a PowerPoint presentation and in summary documents at www.VBgov.com/arena. The web page also includes the complete set of agreement documents.