HKS and Comcast-Spectacor and Live Nation have submitted a proposal to the Virginia Beach City Council in the US to construct a $350m arena near the Virginia Beach Convention Center.
The proposed arena will have seating capacity for 18,500 people under 750,000 to 800,000ft² roof and could host over 200 events per year.
After completion, the arena is expected to help the city host sporting and other recreational events.
The arena will use the city’s existing infrastructure along the I-264 corridor.
Since spring of 2011, HKS World Events has been working with the Virginia Beach Development Authority to assist in studying the economic viability of both a new arena and a major league franchise.
The architecture firm had been involved with site planning, market studies, financial forecasts and modeling, as well as the long-term effect of the arena on the resort district and the entire region.
HKS project manager for the Virginia Beach Arena Kevin Taylor said, "Our mission is to create a venue that will have a dramatic positive impact on the entire Oceanfront Resort District."
City of Virginia Beach director of economic development Warren Harris said that the project will bring in new businesses, create new jobs and serve as a long-term driver of economic growth.
"This is Virginia Beach’s chance to begin capturing major events, especially during what is typically our slow hotel season," Harris said.
If approved, the arena is expected to open in 2014 and will start operations in 2015.
Image: The proposed arena will have seating capacity for 18,500 people under a 750,000 to 800,000ft² roof. Photo: courtesy of HKS.