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(12-16-2017 11:55 AM)odu09 Wrote:  

(12-16-2017 10:49 AM)Monarchblue Wrote:  

(12-16-2017 10:36 AM)Old Dominion Wrote:  What if they could come up with a revenue sharing formula?

Problem is the arenas don't make any real money. The revenue comes from revitalizing the area around the arena, and I doubt NFK would be willing to share it's tax revenue with other cities.

To reiterate, their is no need to combine cities to get this done. VB and Chesapeake could easily afford to do this alone, and NFK probably could as well. The problem is there are not enough voters that want the arena for councils to take the political hit that would accompany that decision. Cooperating with other cities would no mitigate that problem, but more like exacerbate it.

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Did we learn nothing from what just happened in VB? Clearly VB does not have the resources to get it done, or it would have been started a long time ago. How many false starts have they had?

Huh? What happened in VB had NOTHING to do with resources that the city has.

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