- Dec 7, 2011
But why does the city need a new arena so badly? There are plenty of great venues to watch concerts in the city and it is not like JPJ, Virginia Beach, and DC is too far away. If the school facility plan is going to cost around $225 million and JPJ arena cost $174 million in 2017 dollars why not combine the new meals tax and the arena cost to fully fund the school board facility plan? My numbers may be off but it seems like the mayor is choosing to back a high risk project that may leave the city on the hook for debt wise over funding the school system.There is no sense in building a new one unless it has the capacity to draw some major events. The old coliseum needs to be replaced, and there is no point in replacing it with another 10,ooo k arena.
I think it will happen. Would almost bet some cash that VCU may throw a little cash in as well.
Better conference, better arena for big games. I think it is the real reason we are not in the Big East.