A rendering of the new Virginia Beach Sports + Entertainment Arena, located across the street from the convention center and less than a mile from the beach.

On Dec. 10, the city of Virginia Beach, Va., approved $76 million in infrastructure improvements and a 60-year, $1-dollar-a-year landlease that means a planned $200-million, privately-financed 15,500-seat arena is likely to be built.

Andrea Kilmer, president and CEO of The ESG Companies, who admits to a CPA background, said that ...

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