The City of Virginia Beach has received two private proposals to build an entertainment/sports arena at the Oceanfront. The proposals were received from:
· A consortium of the W.M. Jordan Company, HKS Sports & Entertainment, and Global Spectrum. Received on Nov. 8.
· A consortium of United States Management LLC, AECOM Architects, Clark Nexsen Architects, Mortenson Construction, SB Ballard Construction and SMG. Received today, Feb. 17.
The initial proposal from Jordan/HKS/Global Spectrum was unsolicited. Subsequently, on Nov. 12, the City Council discussed this proposal in general terms and authorized City Manager James Spore to accept it for further study. The council agreed to allow 90 days for competing private proposals to be submitted.
The deadline for those proposals was 5 p.m. today, Feb. 17.
A Virginia Beach arena city task force will now conduct a thorough review of these conceptual proposals and will brief the City Council at a future date. The council may choose one or more proposals for further discussion with the companies.
The city will post both proposals on its website at www.VBgov.com/arena within the next 10 business days, as required by law. Parts of the proposals will be withheld at the request of the companies, as allowed by the Virginia Public-Private Education Facilities and Infrastructure Act of 2002, or PPEA. Those parts of the proposals will be released for public review before there is a preliminary agreement.