VIRGINIA BEACH -- The city and Dallas-based Leisure and Recreation Concepts, Inc. announced Tuesday they have an agreement for financing and entertainment on the old Dome site at the Oceanfront.

A formal announcement of the project will be made following the completion of the final details associated with the financing commitment, which is anticipated within the next 30 to 45 days.

LARC is planning an entertainment center containing over 40 of the latest attractions from around the world, including a 2,500-seat professional theater for Broadway and international theater performances, a regulation ice rink for family skating, hockey and other professional performances. In addition, eight motion picture theaters, a cabaret club and a children's family forest. All the attractions would be contained in over 360,000 square foot building with significant parking.

The centerpiece of the attraction will be the largest Ferris wheel on the East Coast with enclosed full conditioned cabins.

'It really fills a void that we've had for a long, long time,' said council member John Uhrin. 'It helps to push Virginia Beach into that year-round destination we've been working towards as one of our top five goals.'

The 8.5-acre site between 18th and 20th streets has been empty since the Dome was torn down in 1994.

The city gave the Dallas company an eight-month window to deliver the plan for a proposed entertainment mega-plex the latest being March. The deadline had been extended five times.

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