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Tuesday, March 25, 2014

Virginia Beach weighs new proposal for Dome site

Virginia Beach:
“A new group is interested in turning the city's Dome site into an entertainment venue, but officials are refusing to say who. Only one submission came in before Friday's 5 p.m. deadline, economic development director Warren Harris said Monday. He said he would not release the developer's name or make its submission available to the public until the Development Authority meets April 15.

The City Council voted in November to seek new proposals to build an entertainment complex at the Dome site, an 8.6-acre parcel at the Oceanfront, after money for a 2008 project never materialized. Meanwhile, the 2008 project from Texas businessman Michael Jenkins is still on the table, and Jenkins said he has the long-awaited financing ‘pretty well arranged.’ ‘We're continuing very aggressively to work on it,’ he said, adding that financing such a large venture has taken much longer than he expected.

Several council members said they still love the concept Jenkins brought to the table - a $172 million complex that included a giant Ferris wheel, 2,500-seat theater, ice rink, cabaret club and other attractions - but are skeptical he'll come through with the money needed to make the vision a reality. His group, Dallas-based Leisure and Recreation Concepts, missed several deadlines before the city voted to look elsewhere for ideas.”
~Writes Kathy Adams of The Virginian-Pilot

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