Virginia Beach Hopefully for Pro Basketball Team - Beckley, Bluefield & Lewisburg News, Weather, Sports

Virginia Beach Hopefully for Pro Basketball Team

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VIRGINIA BEACH, Va. (AP) -

NORFOLK, Va. (AP) - Virginia Beach has asked the state to commit to spending $150 million to help lure a pro sports team to town.

The city's economic development director wrote a letter Wednesday requesting the commitment from the Virginia Economic Development Partnership.

Warren Harris wrote that the state would need to contribute $70 million toward the construction of a $300 million arena. Another $30 million would be needed to pay the unnamed franchise's league relocation fee.

Another $42 million would be spent to offset the team's financial losses while it plays in a smaller, temporary arena while a new one is built at the oceanfront. The other $8 million would be spent on moving expenses.

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