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VA Beach Arena FAQ (Updated 12-18-12)
Link
yesvirginiabeach.com
Here's a few examples: And how much would the debt payments be? $19.7 million a year for the City. What if there are cost overruns? Who will pay for that? The cost estimate includes a contingency for some cost increases. The team would pay for some parts of the arena dedicated to team operations. The rest is subject to negotiation. When will the city announce the name of the team? As soon as we’re sure we have a contract. That could be in February or March.
