Thirty Five Ventures, Durant’s venture capital firm, has invested in companies such as Lime, the scooter proprietor Postmates, the food delivery service and Robinhood, the stocks and financial services app.īefore the coronavirus brought live entertainment and performing arts to a halt, Royal Farms Arena - formerly known as the Baltimore Civic Center, Baltimore Arena and 1st Mariner Arena - had brought acts such as Rihanna and the Jonas Brothers to Baltimore and had booked Celine Dion and Pearl Jam for the first half of 2020. The development company previously has been involved in arena development in Seattle Belmont Park, New York Palm Desert, California Manchester, United Kingdom and at the University of Texas at Austin. “Baltimore has such a rich music and sports history, and we look forward to working with BDC and the community to elevate live entertainment in the city and make the Baltimore Arena a premier destination for the biggest artists and events in the world,” Oak View Group CEO and founder Tim Leiweke said. Oak View Group and Thirty Five Ventures also are looking at ways to invest in the surrounding community, Tarbert said. He said there could be bars and lounges inside the stadium as well as opportunities to redevelop the neighboring Hopkins Plaza. Tarbert said the arena, which currently fits 15,000 people, could be expanded to fit a slightly larger crowd, though details have not been finalized for the design yet. All three proposals complied, Tarbert said, and proposed redeveloping the arena rather than building anew. The BDC’s request for proposals only considered plans that would redevelop the arena in its current location downtown. City and state economic development leaders most recently rejected a proposal to build a new arena at the site of the city’s convention center, concluding that the undertaking would be too unrealistic and taxing. Redevelopment plans have surfaced - and faded - several times. Royal Farms Arena, which dates to 1962, is considered cramped and antiquated, and city officials have been considering options to upgrade or replace it for the past two decades. Baltimore Sun eNewspaper Home Page Close Menu
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |