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