History of Virginia Beach

Real estate, defense, and tourism are major sectors of the Virginia Beach economy, but the city has begun to run out of clear land available for new construction above the Green Line, an urban growth boundary dividing the urban northern and rural southern sections of the city.

As such, while Virginia Beach does not have a redevelopment authority, local public and private groups have maintained a vested interest in real-estate redevelopment, resulting in a number of joint public-private projects such as commercial parks. Examples of this are the Virginia Beach Convention Center, the Oceanfront Hilton Hotel, and the Virginia Beach Town Center. Using tax increment financing through creation of special tax districts and street and infrastructure construction, the City was able to assist in financing the projects making them a reality. The Town Center opened in 2003 and still has construction taking place, while the Convention Center opened in 2005.

The Alan B. Shepard Civic Center ("The Dome"), a significant building in the city's history, was constructed in 1958, was dedicated to the career of former Virginia Beach resident and astronaut Alan Shepard. Eventually, the Dome was frequently used as a smokey bingo hall. The building was razed in 1994 to make room for a municipal parking lot and potential future development.

Infill and development of residential neighborhoods has placed a number of operating constraints on Naval Air Station Oceana, a major fighter jet base for the U.S. Navy. While the airbase currently enjoys wide support from Virginia Beach at large, the Pentagon Base Realignment and Closure commission has proposed closure of Oceana within the