By Pete Basofin
Inside Business in Hampton Roads, Va., is reporting that, according to unnamed sources, the Sacramento Kings and officials from Comcast-Spectacor are considering moving the NBA team to the resort city of Virginia Beach. Here's a snapshot of Virginia Beach:
Virginia Beach-Norfolk-Newport News MSA
Race: White, 59.6%; Black 31.3%; Asian, 3.5%, Other, 5.6%
Hispanic (of any race): 5.4%
Median Age: 35.4
Median Household Income: $57,315
Nielsen Local Television Market (Norfolk-Portsmth-Newport News)
2011-12 rank: 43rd
2012 TV homes: 718,750
Virginia Beach is a coastal city of 480,000 people located in the southeast corner of Virginia near the mouth of Chesapeake Bay. Known as a prime vacation spot, it boasts miles of beaches and hundreds of hotels along the waterfront. In addition to tourism, agribusiness and the military contribute a large part to the local economy.
Despite its large population, the Hampton Roads region has not been able to attract a major-league professional sports team. However the UFL Virginia Destroyers do play in the Virginia Beach Sportsplex Stadium, which also hosts the USL Piranhas soccer team. The East Coast Surfing Championships and the Virginia Beach Open golf tournament are two of the prominent spectator events held in the city.
Sources: Nielsen, U.S. Census Bureau, Virginia Beach Economic Development Department