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Compare the two Virginia Beach sports arena proposals

from Daily Press

In Virginia, Newport News-based W.M. Jordan Co.'s proposal to build an 18,000-seat sports arena at the Virginia Beach Oceanfront now has competition from another business team that plans to use financing from a Chinese bank. Virginia Beach-based United States Management submitted the second proposal to build a similar sized $200 million arena across from the city's convention center that the company says would not rely on public money. USM is majority owned by The ESG Cos. based in Virginia Beach and was created specifically for the venture. more

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