Virginia Beach To Spend 2 Months Looking For NBA Or NHL Team

The city of Virginia Beach will spend the next two months looking to find an NBA or NHL franchise willing to relocate to the city, according to a report from Aaron Applegate of The Virginian-Pilot.

A number of companies led by Comcast-Spectacor met with the Virginia Beach City Council Tuesday night to discuss a possible 18,500 seat stadium located next to the Virginia Beach Convention Center near the Oceanfront that would cost an estimated $350 million.

Applegate reports that the NBA's Sacramento Kings are the target franchise for the move, but there have been no talks between Comcast-Spectacor and the Kings.

Comcast-Spectacor reported in its presentation that the arena would host over 200 events a year that would bring an estimated $66 million in revenues to Virginia Beach by 2015. Comcast-Spectacor and its subsidiary Global Spectrum would lease and run the arena for 25 years.

Stay tuned to Sactown Royalty and SB Nation Bay Area for updates, and for all of your NBA needs, keep an eye on SB Nation's dedicated NBA hub.

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