VIRGINIA BEACH, Va. - City Council voted Tuesday night to end the arena development agreement if terms were not met by midnight Wednesday.
The vote was 9-1 in favor of ending it if the terms aren't met by the developer, Mid Atlantic Arena, LLC.
In March Mid Atlantic turned in a financing plan for the Virginia Beach Arena.
The locally-based developer previously also asked for an extension.
In the meeting Council member John Moss said he does still like the project but said they were advised that terms have not been met.
Related:
Virginia Beach arena developer asks city attorney for review of vote
Virginia Beach City Council votes in favor of 60-day extension on arena deal
