The goals of USM, the City, area businesses, and local citizens align: we all want a spectacular entertainment and sports venue that provides jobs, reinvigorates the local economy and draws world-class acts and year-round tourists alike, without the city or local citizens shouldering the financial burden for the facility.
USM’s plan to construct a locally owned, privately financed entertainment and sports venue on a site across from the Virginia Beach Convention Center will generate positive and lasting benefits. A world-class arena will create opportunities for local residents to enjoy spectacular events and new reasons for tourists to visit Virginia Beach and enjoy its restaurants, hotels and many attractions year-round.
The 18,000 seat capacity venue will draw guests from across Hampton Roads, the state of Virginia and beyond to enjoy the talents of outstanding athletes and performers, whether they are skating on ice, driving for a basket or singing their hearts out to large, appreciative audiences. Although USM and its partners have determined that the arena will be financially viable without an NBA or NHL team, the facility will be constructed with the upgrade capabilities to attract a professional sports franchise in the future.