NAS Oceana is the East Coast Master Jet base, housing most active duty Atlantic Fleet Navy fighter squadrons. All of the F-14's are based there along with F/A-18C,D,E,F Hornets and Super Hornets. Its proximity to the world's largest naval base (NAS Norfolk) removes a lot of the logistical problems associated with getting air wings to their ships when departing for a cruise. LePaul is right: The majority of the economy in that area was built up from the Navy presence. No one that has moved there since 1942 didn't realize there was a Navy airport nearby. Though, recent years have brought in more tourism to Virginia Beach, losing the base would be a huge blow to the area, at least til it is built back up with other industries. Also, the environmental cleanup of that base for re-use would be monumental - probably hundreds of millions of dollars.