The unofficial online home for fans of the Old Dominion University Monarchs. Part of Collegiate Sports Nation (CSN).

(10-05-2016 01:31 PM)ODU2K1 Wrote:  

(10-05-2016 01:22 PM)ODUDrunkard13 Wrote:  That would be a great location. But if you're building that close to the scope, why not just knock down the scope and build new? They've invested a lot into renovating the scope. But if you built one across the street brand new it would make it practically useless. And yeah, that firehouse and bus station are really new. Doubt they could justify throwing all that capital away for an arena.

When the Rhinos were kinda almost a thing they were going to convert Scope into a practice facility for them. I think the plan was to build a deck more or less where the 100 level seats stop and then put offices for the team from there up or possibly use the 200 level seats for small shows. There could still be some uses for Scope if Norfolk built a new joint downtown. Of course, they could leave it as is, build a new place and we can have the CUSA and MEAC Tournaments on the same weekend downtown. I'm sure that would be fine.

This probably wouldn't be a popular idea (displacing residents rarely is) but Young Terrace occupies a huge swath of land. And it would be a very convenient location to get to by car, bus or the Tide.

(10-05-2016 01:37 PM)ODUDrunkard13 Wrote:  

(10-05-2016 01:31 PM)ODU2K1 Wrote:  

(10-05-2016 01:22 PM)ODUDrunkard13 Wrote:  That would be a great location. But if you're building that close to the scope, why not just knock down the scope and build new? They've invested a lot into renovating the scope. But if you built one across the street brand new it would make it practically useless. And yeah, that firehouse and bus station are really new. Doubt they could justify throwing all that capital away for an arena.

When the Rhinos were kinda almost a thing they were going to convert Scope into a practice facility for them. I think the plan was to build a deck more or less where the 100 level seats stop and then put offices for the team from there up or possibly use the 200 level seats for small shows. There could still be some uses for Scope if Norfolk built a new joint downtown. Of course, they could leave it as is, build a new place and we can have the CUSA and MEAC Tournaments on the same weekend downtown. I'm sure that would be fine.

This probably wouldn't be a popular idea (displacing residents rarely is) but Young Terrace occupies a huge swath of land. And it would be a very convenient location to get to by car, bus or the Tide.

That is another great spot. The city will never touch it. In addition to the public housing you also have an elementary school right in the middle.

(10-05-2016 12:17 PM)bit_9 Wrote:  Also, the project isn't dead. Just that revised proposal was nixed.

The agenda item was “to re-authorize the transfer of land to the Development Authority, and to support the Amendment to the Development Agreement.” To transfer City land, the City needs approval from the City Council in a “super majority”. That is they need 9 out of 11 in favor. Last night, the Council voted 8 in favor, and 3 against, which meant the measure failed.
That does not mean the project is “dead”, as was erroneously reported in today’s Virginian-Pilot. The original proposal voted on in 2015 (10 to 1 in favor) still stands. The reason the measure failed last night is because the developer wanted to change the development agreement and reduce their equity in the project. This made some members of Council uncomfortable and they wanted to revert to the previously approved agreement.

They also wanted to use unrated bonds to pay for it. The already tried to use Chinese funding if I'm not mistaken.

The deal is getting sketchier and sketchier all the time so I'm glad they rejected the newest "proposals".

(10-05-2016 08:41 PM)Razor Ramon Monarch Wrote:  

(10-05-2016 12:17 PM)bit_9 Wrote:  Also, the project isn't dead. Just that revised proposal was nixed.

The agenda item was “to re-authorize the transfer of land to the Development Authority, and to support the Amendment to the Development Agreement.” To transfer City land, the City needs approval from the City Council in a “super majority”. That is they need 9 out of 11 in favor. Last night, the Council voted 8 in favor, and 3 against, which meant the measure failed.
That does not mean the project is “dead”, as was erroneously reported in today’s Virginian-Pilot. The original proposal voted on in 2015 (10 to 1 in favor) still stands. The reason the measure failed last night is because the developer wanted to change the development agreement and reduce their equity in the project. This made some members of Council uncomfortable and they wanted to revert to the previously approved agreement.

They also wanted to use unrated bonds to pay for it. The already tried to use Chinese funding if I'm not mistaken.

The deal is getting sketchier and sketchier all the time so I'm glad they rejected the newest "proposals".

Using unrated bonds puts no burden on the tax payers. All it means is that the buyer of the bonds needs to do their own due diligence as far as the viability of their investment rather than relying on a third party rating service.

(10-05-2016 09:12 PM)paintedblue2 Wrote:  

(10-05-2016 08:41 PM)Razor Ramon Monarch Wrote:  

(10-05-2016 12:17 PM)bit_9 Wrote:  Also, the project isn't dead. Just that revised proposal was nixed.

The agenda item was “to re-authorize the transfer of land to the Development Authority, and to support the Amendment to the Development Agreement.” To transfer City land, the City needs approval from the City Council in a “super majority”. That is they need 9 out of 11 in favor. Last night, the Council voted 8 in favor, and 3 against, which meant the measure failed.
That does not mean the project is “dead”, as was erroneously reported in today’s Virginian-Pilot. The original proposal voted on in 2015 (10 to 1 in favor) still stands. The reason the measure failed last night is because the developer wanted to change the development agreement and reduce their equity in the project. This made some members of Council uncomfortable and they wanted to revert to the previously approved agreement.

They also wanted to use unrated bonds to pay for it. The already tried to use Chinese funding if I'm not mistaken.

The deal is getting sketchier and sketchier all the time so I'm glad they rejected the newest "proposals".

Using unrated bonds puts no burden on the tax payers. All it means is that the buyer of the bonds needs to do their own due diligence as far as the viability of their investment rather than relying on a third party rating service.

They also tried to pull 20 million dollars of their own funds.

I don't know how anyone could think it is a bad thing that we are trying to hold them to the original deal......not one of the "new proposals" was beneficial to Virginia beach at all.

Quite the opposite in fact.

I don't get why VA Beach wants an arena. Do they want an NBA team now?

(10-07-2016 11:51 PM)verycoolnin Wrote:  I don't get why VA Beach wants an arena. Do they want an NBA team now?

An NBA team ain't coming. This arena is for major concerts and events much like the Sprint Center in KC.

(10-08-2016 08:30 AM)ODUDrunkard13 Wrote:  

(10-07-2016 11:51 PM)verycoolnin Wrote:  I don't get why VA Beach wants an arena. Do they want an NBA team now?

An NBA team ain't coming. This arena is for major concerts and events much like the Sprint Center in KC.

The basketball fan in me would say this is all worth it if we can land the ACC tournament

Just more wasted tax payer money.

VB Arena back in play?

http://pilotonline.com/news/government/v...3e821.html

"Plans for a private developer to build an arena could be back in play a month after the City Council rejected the company's financial proposal.

Mayor Will Sessoms said on Tuesday that he and Vice Mayor Louis Jones recently met with the developer and agreed to ask the council for a 60-day extension to secure financing."

It was never out of play. Just that latest amended proposal. All the original plans were still in play, just taking longer.

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Well, if the Virginia Beach arena deal falls through, Norfolk is ready to step up and have an arena deal fall through!

http://pilotonline.com/news/government/l...08037.html

(01-23-2017 02:30 PM)Cyniclone Wrote:  Well, if the Virginia Beach arena deal falls through, Norfolk is ready to step up and have an arena deal fall through!

http://pilotonline.com/news/government/l...08037.html

This is a little theory I've been mulling on since the VB deal went into question. I think that Norfolk would be less wishy-washy with the deal than VB, and it would be a real shot in the arm for Norfolk's dream of making the Military Circle area a more dense/urbanized area. Would also basically guarantee that the first expansion of the Tide would be the eastern Military Circle/Airport/Wards Corner route.

(01-23-2017 03:34 PM)Blue_Trombone Wrote:  

(01-23-2017 02:30 PM)Cyniclone Wrote:  Well, if the Virginia Beach arena deal falls through, Norfolk is ready to step up and have an arena deal fall through!

http://pilotonline.com/news/government/l...08037.html

This is a little theory I've been mulling on since the VB deal went into question. I think that Norfolk would be less wishy-washy with the deal than VB, and it would be a real shot in the arm for Norfolk's dream of making the Military Circle area a more dense/urbanized area. Would also basically guarantee that the first expansion of the Tide would be the eastern Military Circle/Airport/Wards Corner route.

I am not a proponent of a new arena- but strongly agree that the Military Circle area is the perfect location.

(01-23-2017 03:53 PM)Quagmire Wrote:  

(01-23-2017 03:34 PM)Blue_Trombone Wrote:  

(01-23-2017 02:30 PM)Cyniclone Wrote:  Well, if the Virginia Beach arena deal falls through, Norfolk is ready to step up and have an arena deal fall through!

http://pilotonline.com/news/government/l...08037.html

This is a little theory I've been mulling on since the VB deal went into question. I think that Norfolk would be less wishy-washy with the deal than VB, and it would be a real shot in the arm for Norfolk's dream of making the Military Circle area a more dense/urbanized area. Would also basically guarantee that the first expansion of the Tide would be the eastern Military Circle/Airport/Wards Corner route.

I am not a proponent of a new arena- but strongly agree that the Military Circle area is the perfect location.

This is a fabulous idea, but the City Council is so hung up on putting a new Arena downtown, ir at least they were

(01-23-2017 03:34 PM)Blue_Trombone Wrote:  

(01-23-2017 02:30 PM)Cyniclone Wrote:  Well, if the Virginia Beach arena deal falls through, Norfolk is ready to step up and have an arena deal fall through!

http://pilotonline.com/news/government/l...08037.html

This is a little theory I've been mulling on since the VB deal went into question. I think that Norfolk would be less wishy-washy with the deal than VB, and it would be a real shot in the arm for Norfolk's dream of making the Military Circle area a more dense/urbanized area. Would also basically guarantee that the first expansion of the Tide would be the eastern Military Circle/Airport/Wards Corner route.

With the departure of Fraim, I am not sure the council/mayor are established enough, with enough political clout, to get something this big passed.

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I wonder how much the new outlets would impact this project.

As for VB being a better area due to hotels and restaurants being near by. I'm pretty sure that the surrounding area will quickly draw interest from those type of venues and will look to set up shop near by.

(01-23-2017 06:30 PM)Monarchblue Wrote:  

(01-23-2017 03:34 PM)Blue_Trombone Wrote:  

(01-23-2017 02:30 PM)Cyniclone Wrote:  Well, if the Virginia Beach arena deal falls through, Norfolk is ready to step up and have an arena deal fall through!

http://pilotonline.com/news/government/l...08037.html

This is a little theory I've been mulling on since the VB deal went into question. I think that Norfolk would be less wishy-washy with the deal than VB, and it would be a real shot in the arm for Norfolk's dream of making the Military Circle area a more dense/urbanized area. Would also basically guarantee that the first expansion of the Tide would be the eastern Military Circle/Airport/Wards Corner route.

With the departure of Fraim, I am not sure the council/mayor are established enough, with enough political clout, to get something this big passed.

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If it ended up being a deal like VB is currently mulling it wouldn't be that huge. VB would only be committed to infrastructure portion.

(01-23-2017 06:48 PM)paintedblue2 Wrote:  

(01-23-2017 06:30 PM)Monarchblue Wrote:  

(01-23-2017 03:34 PM)Blue_Trombone Wrote:  

(01-23-2017 02:30 PM)Cyniclone Wrote:  Well, if the Virginia Beach arena deal falls through, Norfolk is ready to step up and have an arena deal fall through!

http://pilotonline.com/news/government/l...08037.html

This is a little theory I've been mulling on since the VB deal went into question. I think that Norfolk would be less wishy-washy with the deal than VB, and it would be a real shot in the arm for Norfolk's dream of making the Military Circle area a more dense/urbanized area. Would also basically guarantee that the first expansion of the Tide would be the eastern Military Circle/Airport/Wards Corner route.

With the departure of Fraim, I am not sure the council/mayor are established enough, with enough political clout, to get something this big passed.

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If it ended up being a deal like VB is currently mulling it wouldn't be that huge. VB would only be committed to infrastructure portion.

I tend to agree with you that it isn't that big of a deal, but VB with a pretty strong Mayor (politically) still can't get it done. The whiners just don't like spending money to encourage development, and make it darn near impossible to get the best deals through. The current political climate is just nonsensical when it comes to trying to create progress at the city level. The left hates spending money that in any way might benefit a business and the right refuses to spend money on anything at all. It must be a frustrating time to run a city government.

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I think it's more that the older folks like things as is. That simple.

Posted from mobile device. Hopefully it's coherent.