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2/11 UPDATE:City Council voted Tuesday to approve the bid for a professional baseball stadium in Va. Beach.

The city will soon begin negotiations and discussions to develop a lease for the new stadium.

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VIRGINIA BEACH - A 5,000-seat minor league baseball stadium could be coming to Virginia Beach.

Councilman Bill DeSteph said it's still preliminary, but the $50 million stadium project would not cost taxpayer money.

'This could be a home run,' DeSteph said. 'Virginia Beach is a baseball town.'

Virginia Beach resident James Short is leading a group of private investors who plan to fund the multi-million dollar stadium. Their hope is to bring in a team from the Atlantic League.

The stadium would be built outside the Sportsplex on Dam Neck Road.

If approved, construction could start mid-year and be completed by Summer 2015.

The city would spend about $7.5 million to widen Landstown Road and give admissions and tax breaks for 20 years.

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