Virginia Beach City Council

Virginia Beach City Council hears arena proposal

Virginia Beach City Council hears arena proposal

VIRGINIA BEACH — The president and chief operating officer of Comcast-Spectacor on Tuesday promised the Virginia Beach City Council his group would lease a proposed 18,500-seat oceanfront arena for 25 years, but the question of who will pay the estimated $350 million tab remains unanswered.

Peter Luukko called the area "one of the largest under-used markets in North America" and outlined to the 11-member council how he believes an arena would succeed. He promised to pursue a professional sports team that would be the main tenant for the building, which would be located next to the Virginia Beach Convention Center on 19th Street.

"We've done our homework behind...