Could the Hampton Roads area finally get its first major professional sports franchise?
According to Inside Business‘ Philip Newswanger and Bill Cresenzo, a deal is close to being done with the Maloof family, owners of the NBA Sacramento Kings, and Philadelphia-based Comcast-Spectacor to bring the NBA franchise to Virginia Beach. Officials are expected to be in Virginia Beach Tuesday, 8/28, with an announcement of the deal Wednesday, August 29th.
With the Sacramento Kings move to Virginia Beach comes the construction of a new arena and it is being reported by Inside Business that Comcast will guarantee a 25-year lease on the new arena.
The proposed location of the new arena would be near the Virginia Beach Convention Center off Interstate 264.
To read the full article from Inside Business, click here.
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