Virginia Beach Arena Proposal by W.M. Jordan
On Nov. 8, 2013, the city received an unsolicited private proposal from the W.M. Jordan Company, HKS Sports & Entertainment, and Global Spectrum to build a sports and entertainment arena at the Oceanfront, near the Virginia Beach Convention Center.
On Nov. 12, the City Council discussed the proposed Virginia Beach Arena (VBA) in general terms and authorized City Manager James Spore to accept the proposal for further study. The council agreed to allow 90 days for competing private proposals to be submitted.
Read the W.M. Jordan proposal
Citizens Communications Committee
On March 24, 2014, both companies presented their proposals to the City Council-appointed Citizens Communications Committee.
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. View the questions and answers
. This page will be updated as questions are answered. The date of posting and source of each response will also be included with the answer. Last Updated: Tuesday, April 8, 2014.
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. View CSL's presentation
. 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.
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(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. Read Virginia Beach’s procedures for proposals received under PPEA