Virginia Beach, Va. - Mayor Sessoms of Virginia Beach is expected to make an announcement about the proposed arena.
The city plans to ask the General Assembly for $150 million to help build the new arena.
Mayor Will Sessoms wanted Comcast-Spectacor to guarantee there was a professional team coming to play in the arena before asking for that money.
The deadline to hear back from Comcast was yesterday - and Sessoms said Comcast made that deadline.
He will not say if an NBA team has in fact been secured, or if the city will go ahead with the $150 million funding request.
The mayor has said that even if there isn't an NBA team deal, that doesn't mean the end of the arena plans.