McDonnell budget proposal to exclude arena funding

Published December 7, 2012 11:23pm ET



NORFOLK, Va. (AP) — Gov. Bob McDonnell will not include $150 million in his proposed budget to help bring an NBA team to Virginia Beach, a spokesman said on Friday.

Virginia Beach is considering building a $300 million, 18,500-seat arena near the oceanfront to persuade an unnamed professional sports team to relocate there. The city asked the state to pay $70 million for construction and $80 million toward the unidentified team’s relocation costs. A likely target for relocation would be the NBA’s Sacramento Kings, which failed to reach an agreement to build a new arena there this spring.

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