Idea of NBA arena in Virginia Beach may not materializePosted by Inside Hoops
After years of talks, hundreds of thousands of dollars spent on consulting reports, and most recently an NBA team looking to re-locate, time seems to be running out on plans to build a new arena in Virginia Beach with the Sacramento Kings as the building’s main tenant.
Today, Virginia Beach Mayor Will Sessoms and Peter Lukko, the president of Comcast Spectacor, will release a joint statement regarding their ongoing negotiations to get the arena deal done.
Unfortunately, those negotiations are at a stand-still.
– Reported by Bruce Rader of WAVY TV 10