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More on the very latest out of Virginia Beach.
According to the Virginia Pilot, here's how the math breaks down:
Arena price tag = $300 million
The city would contribute $195 million.
The state will be asked for $150 million, of which $70 million would be for the arena.
Comcast-Spectacor would put in $35 million.
When you add it up that leaves $0 contribution from Live Nation and the unnamed professional sports team.
Basically, the city and state would contribute $265 million toward a $300 million arena. Don't forget the $80 million that is still out there for helping a team move.
Then there is this : Councilman John Moss called a $35 million contribution from Comcast-Spectacor “way too low.”