“The city, which has had an option on the 10-acre property for several years, plans to buy it for around $6 million. The deal is expected to close by the end of September 2004, when the option runs out.”

“The city has purchased other properties in the Rudee Inlet area, but this would be the most significant, said Don Maxwell, Virginia Beach’s director of economic development.”
Read the entire article about the City purchasing more land around Rudee Inlet.