Arena Proposal

Virginia Beach Arena Proposal

  

Private Proposal to Build a Sports and Entertainment Arena in Virginia Beach

On Feb. 17, the city received an arena proposal from a consortium called United States Management LLC, which includes The ESG Companies, AECOM Architects, Clark Nexsen Architects, Mortenson Construction, SB Ballard Construction and SMG. To read the USM proposal, CLICK HERE

On November 20, the city and USM held a joint media briefing in which a summary of the tentative non-binding term sheet was unveiled.  A timeline of work done on the arena to date, along with anticipated future meetings, and a Q&A were also shared and can be found below:

A video was also shown which described a trip taken to Lincoln, NE to view a similar arena to the one proposed in Virginia Beach.  To view that video, CLICK HERE.

A public town hall meeting will be held on Wednesday, December 3rd from 6:30-8:00 pm at the Virginia Beach Convention Center.  Concerned citizens can hear the latest updates on the proposed Oceanfront arena and express their opinions to city leaders.

 

PREVIOUS WORK

Citizens Communications Committee

On March 24, two companies presented their proposals for an arena to the City Council-appointed Citizens Communications Committee.  For a list of committee members, CLICK HERE.  To view the presentation made by W.M. Jordan, CLICK HERE.  To view the presentation made by USM, CLICK HERE.  

Arena Q&A

The Citizens Communications Committee, along with those sitting in the audience at the March 24th meeting, submitted questions after hearing both proposals to be answered by a combination of City staff, USM, and W.M. Jordan.  To view the questions and answers, CLICK HERE.  

May 13, 2014 City Council Meeting

On May 13, the City Council received a briefing from Convention Sports & Leisure (CSL), a consultant brought in to provide an in depth overview of each arena proposal.  To view CSL's presentation, CLICK HERE.  City Council then decided to proceed with negotiations with USM and suspend discussions with WM Jordan, pending those negotiations.  The goal is to develop a term sheet that is agreeable to both parties – the city and USM.  We expect to learn on or about July 8 the approximate costs of infrastructure to the city and its citizens.

May 27, 2014 City Council Meeting

On May 27, the City Council adopted a resolution directing the city staff to pursue negotiations with USM, to hold the PPEA process and the Jordan proposal in abeyance pending the outcome of these negotiations, to prepare a report determining the scope and cost of public infrastructure, and continue involvement of the Citizens Communications Committee. To read the resolution and background, CLICK HERE.

July 8, 2014 City Council Meeting

On July 8, City Manager Jim Spore and Deputy City Manager Doug Smith briefed the City council on preliminary conceptual cost estimates for infrastructure related to an arena.  This included parking assumptions, roadway improvements, site development, utility improvements, and overall project infrastructure costs.  To view the presentation, CLICK HERE.

 

Additional questions?  Email vbarena@vbgov.com

(Parts of the proposals have been withheld at the request of the companies, in keeping with the Virginia Public-Private Education Facilities and Infrastructure Act of 2002, or PPEA. To read Virginia Beach’s procedures for proposals received under PPEA, CLICK HERE.)

 

To view a previous proposal submitted by W.M. Jordan, CLICK HERE.

To learn more about the 2012 Arena proposal and view the document archive, CLICK HERE.