Irvine council, Live Nation ink deal for permanent concert venue at Great Park
The concert-promoter will design the amphitheater, the city will build it.
The total cost of the project could be as much as $130 million, city officials said. Live Nation is expected to contribute $20 million toward construction and pay a starting $3.5 million a year to the city for use of the venue, increasing 3% each year.
The city will also get half of a $5-per-ticket surcharge to pay for maintenance, which city officials estimate could total up to $1 million per concert season.
https://www.ocregister.com/2022/09/...al-for-permanent-concert-venue-at-great-park/
The concert-promoter will design the amphitheater, the city will build it.
The total cost of the project could be as much as $130 million, city officials said. Live Nation is expected to contribute $20 million toward construction and pay a starting $3.5 million a year to the city for use of the venue, increasing 3% each year.
The city will also get half of a $5-per-ticket surcharge to pay for maintenance, which city officials estimate could total up to $1 million per concert season.
https://www.ocregister.com/2022/09/...al-for-permanent-concert-venue-at-great-park/