Quote:
Originally Posted by Slingin Sammy 33
The last major sports investment, The VB Sportsplex is losing approximately $ 500K per yr.
I would love to see training camp down here. I live 5 minutes from the Sportsplex, but I also do some business with the City of VB and they definitely are under a serious budget crunch due to the real estate slowdown.
I don't really know what major return Virginia Beach would see. The Redskins would have a majority of the concessions and the hotels people would stay at would most likely be in Chesapeake due to the cost vs. Oceanfront hotels. There are no hotels within about 7-8 miles of the Sportsplex. Other than some purchases at local stores and restaurants the return would be next to nothing, compared to a $ 2.5M investment. As a taxpayer, I'd be pretty pissed-off if the City did this.
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Being a resort city I think your a little off on where people would be willing to stay and/or spend their money for a weekend getaway or whatever the case might be. I think most people coming to VA. beach would stay at the waterfront, on the ocean vs. driving to Chesapeake, which would mean a good piece of revenue in itself, not to include dinning, shopping, gas, and all the little things you buy while on the road that add up to alot.
And if they had done any decent pre-planning with this amount of time to work with, (they didn't start on this yesterday) the could have probably raised most of the funds through private investors to begin with. This is typical VA. beach, business as usual.