Virginia Beach Arena Project Overview The Virginia Beach Arena Corporation proposes the development of a state-of-the-art, 20,000-seat multipurpose arena located in Virginia Beach. This ambitious project is designed to be 100% privately funded through community investment, allowing residents to become stakeholders with voting power in the arena's operations and decisions. The arena will serve as a hub for sports, music, and entertainment. Key Partners & Supporters Mortenson Construction: A leading contractor with a robust portfolio, including Chase Center and U.S. Bank Stadium. AEG (Anschutz Entertainment Group): Renowned for event management, AEG will secure high-caliber events and concerts. Dominion Energy: Partner in green infrastructure, ensuring the arena's sustainability with cutting-edge technology. Community-Funded & Owned Plan A is potentially Financed through a public Regulation A+ investment campaign. Investors have input on team names, design, programming, and food vendors. This has been done before by the Green Bay packers who just raised another 65 million in 2022 but for this time our investor will get true equity into the company! Economic Impact Projected $200+ million/year in arena revenue. $20 to 30 million/year in economic impact for local businesses. Job creation with thousands of permanent and temporary positions. Generation of millions in new city tax revenue. 120+ Sold out events during current non tourist seasons Vision The arena aims to be a beacon of Virginia Beach pride, capable of hosting a wide array of events: NBA/NHL games, NCAA Regionals UFC, WWE, eSports Concerts by artists like Taylor Swift, Bad Bunny, Elton John, Sabrina Carpenter Family shows, festivals, Disney and more Conclusion The Virginia Beach Arena will be a crowdfunded, sustainable, and world-class venue driven by its community. It is a project for the people, by the people, creating a landmark for Virginia Beach.