VIRGINIA BEACH, Va. (WAVY) - Chinese investors may have their eye on Virginia Beach, according to city officials.
Virginia Beach Councilman Bill DeSteph mentioned the possibility of the investments at a candidates forum Tuesday. WAVY.com called Mayor Will Sessoms, who said about a month ago he stuck his head into a luncheon at Rudee's Restaurant where some Chinese businessmen spoke of their interest in investing in Virginia Beach.
"They mentioned Light Rail, the dome site, a possible arena," Sessoms told WAVY.com. "There is nothing formal, and we have no proposals, but I like it when people express interest in investing in Virginia Beach."
DeSteph called WAVY.com and said what he has heard about talks of a U.S.-owned arena backed by a Chinese bank, with the hopes of luring a professional sports team.
"There seemed to be little taxpayer investment. They are more interested in tax credits ... if it doesn't cost taxpayers much, then I'm all for it," DeSteph said. "The important thing with the investment is it would be U.S. owned, and that's important to me."
Mayor Sessoms says there has been no further contact with the businessmen and there is no deal on the table.
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