Live Nation to Invest $1 Billion in Live Music Venues for Underserved Markets
Live Nation Entertainment has announced a major $1 billion investment to develop 18 new or revitalized live music venues across the United States. The initiative is aimed at bringing high-profile music events to smaller and traditionally underserved cities.
According to economic analysis from Oxford Economics, this investment is projected to generate a total economic impact of $2.9 billion. This includes expenditures on engineering, development, and construction. Once operational, the venues are expected to contribute $1.4 billion annually to local economies.
The Los Angeles-based entertainment giant plans to break ground on the projects over the next 18 months, with venue sizes ranging from intimate clubs to large-scale outdoor amphitheaters.
Planned locations include:
– Birmingham, AL
– Denver, CO
– Orlando, FL
– Atlanta, GA
– Indianapolis, IN
– Portland, ME
– Shakopee, MN
– Riverside, MO
– Raleigh, NC
– Portland, OR
– Allentown and Pittsburgh, PA
– Memphis and Nashville, TN
– Richmond and Virginia Beach, VA
– Seattle, WA
– Milwaukee, WI
“Our mission is simple: help artists deliver more unforgettable live experiences – and in doing so, create jobs, revive cities and lift the communities we touch,” said Michael Rapino, CEO of Live Nation.
Rendering of Live Nation Riverside Amphitheater courtesy of Arco Construction.
