Virginia governor rejects including money for new arena in his budget (Sacramento Bee)

December 8, 2012 – Virginia’s plan to lure the Sacramento Kings was put in jeopardy Friday after a request for a $150 million state subsidy was turned aside by the governor. Gov. Bob McDonnell rejected Virginia Beach’s funding request on the grounds that any subsidy must be “economically justifiable,” said his spokesman Tucker Martin. While the Republican governor didn’t completely shut the door on the proposal, he’s not planning to include a subsidy in his 2013 budget. Without the state funds, the Virginia Beach plan would almost certainly be finished.

Link to Full Article: http://www.sacbee.com/2012/12/08/5039907/virginia-arena-hits-obtacle-virginia.html

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s