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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...