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Virginia Beach, VA

Developing a 20,000-seat arena to host sports and entertainment events in Virginia Beach.

• Large Venue: The arena will have a 20,000-seat capacity, designed to host major sports and entertainment events.
• Prime Location: Located at 19th Street, the arena will be in a high-traffic, high-visibility area.
• Economic Impact: Projected to generate $20-30 million in annual local economic uplift.
• Privately Funded: The project is privately funded with no tax incentives required.
• Diverse Events: The arena will host a variety of events, including NBA and NHL games, concerts, and community activities.

Virginia Beach Arena Corporation is developing a 20,000-seat multi-use arena in Virginia Beach, Virginia. The arena is designed to meet NBA standards and aims to host professional sporting events, concerts, conventions, and community activities. The project is currently in the planning and development stage, with construction anticipated to begin upon completion of initial funding milestones. The arena is expected to open for operations within approximately 1-3 years following the start of construction.

The purpose of the fundraising is to support critical pre-development activities, including securing site control through land acquisition or a long-term ground lease, developing architectural design concepts, and commissioning engineering studies. The company also plans to retain external consultants and vendors for planning, design, and related professional services. The arena is positioned to capture the live entertainment market in Virginia Beach, which currently lacks a modern venue of this scale. The project is privately funded, with no tax incentives required, and is expected to generate significant local economic uplift.

Company Info

Virginia Beach Arena is developing a 20,000-seat venue to host sports, concerts, and events in Virginia Beach.

Virginia Beach Arena is focused on developing a 20,000-seat multi-use arena in Virginia Beach, Virginia. The proposed venue is designed to meet NBA standards and aims to host a variety of events, including professional sports, concerts, conventions, and community activities. The arena is expected to generate revenue through ticket sales, concessions, sponsorships, naming rights, parking, and premium seating.

The project is currently in the planning and development stage, with construction anticipated to begin following the achievement of initial funding milestones. The arena is positioned to serve as a premier regional venue, offering modern infrastructure and amenities to support major events. The company plans to privately fund the project, minimizing reliance on taxpayer support and allowing local investors to participate.