VIRGINIA BEACH, Va. — The parking lot at the corner of Birdneck Road and 19th Street in Virginia Beach is just that, a parking lot. But it could eventually be the site of a 20,000-seat arena.

With fighter jets flying overhead, Virginia Beach business owner Coleman Ferguson announced Wednesday morning 500,000 shares are available to buy for his Virginia Beach Arena project.

“If you invest in this project, I’ll be working my butt off to make sure that we get this done and it’s one of the nicest arenas in the United States," Ferguson said.

Watch previous coverage: Organizer details next steps for Virginia Beach Arena Project Organizer details next steps for Virginia Beach Arena Project

Shares are $10 each, and you have to buy at least 25. There were only 500,000 available as of W

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