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Virginia Beach Drops Bid For Arena; Mayor Says No "Clear Opportunity" At This Point
Published January 9, 2013
TRUTH OF THE MATTER: NBA.com's Scott Howard-Cooper wrote it was "questionable whether the Kings would have jumped coasts even under the best of circumstances -- Virginia Beach would have been a small market with no recent history of major-league sports, no local ownership, and looking to energize a fan base long-term with a team that has been rowing in circles for years." Under these "circumstances, though, it was the equivalent of trying to buy a house without any idea of how much the bank was willing to lend." In truth, the Maloof family was "never emotionally invested in Virginia Beach as much as listening to offers in the never-ending search for a solution to the stalemate in Sacramento" (NBA.com, 1/8). In Norfolk, Tom Robinson wrote there is "really nothing that says this whole dance won’t be repeated in the next 12 months -- because word on the NBA street is the Maloofs would like to move their team without selling it" (PILOTONLINE.com, 1/8).