Live Nation to Build 18 Venues Across North America

Live Nation Entertainment (LNE) has announced a $1 billion investment to build 18 new and revitalized venues, bringing “more big shows to smaller cities across America.”

The plans:

• LNE will open doors or break ground on venues ranging from intimate clubs to outdoor amphitheaters in:

• Allentown, PA

• Atlanta, GA

• Birmingham, AL

• Denver, CO

• Indianapolis, IN

• Memphis, TN

• Milwaukee, WI

• Nashville, TN

• Orlando, FL

• Portland, ME

• Portland, OR

• Pittsburgh, PA

• Raleigh, NC

• Richmond, VA

• Riverside, MO

• Seattle, WA

• Shakopee, MN

• Virginia Beach, VA.

• According to Oxford Economics, this capital investment will spur $2.9 billion in total economic impact, including spending on engineering, development, and construction.

• It will also bring $1.4 billion in annual economic impact for local communities once the venues open.

Venue portfolio:

• As per Live Nation, its existing portfolio of 150 venues across the United States represents roughly 4% of all music venues nationwide.

What they said:

• Live Nation CEO Michael Rapino: “Our mission is simple: help artists deliver more unforgettable live experiences – and in doing so, create jobs, revive cities, and lift up the communities we touch.”