Normally AEG isn’t in the habit of actually owning sports teams and venues, which is why this transaction is noteworthy: the facilities giant’s Facilities division is buying into U.S. Bank Arena and the Cincinnati Cyclones (ECHL) with current owner Nederlander Entertainment. Terms of the investment were not disclosed. Nederlander bought the arena out of bankruptcy […]
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Minneapolis, Timberwolves propose $155M Target Center makeover
{jathumbnail off} {slimbox single images/targetcenterrenos/targetcenterrevamp1.jpg,images/targetcenterrenos/targetcenterrevamp1sm.jpg,Proposed Target Center renovations.} Aiming to spruce up an aging arena built on the cheap and at the end of its economic functionality, the city of Minneapolis and the Minnesota Timberwolves (NBA) are proposing a $155-million makeover of Target Center, though a financial plan has not been finalized. It seems amazing, […]
AEG: Arenas need greening
Industry giant AEG is pushing new environmental standards for the live-entertainment industry, meaning that arenas could be pushed by potential vendors to adopt green management practices. AEG is a major player in the arena industry: Besides owning Los Angeles’s Staples Center, the firm manages Kansas City’s Sprint Center, Portland’s Rose Garden, and Minneapolis’s Target Center, […]
Las Vegas foundation drops arena effort
A local foundation working with AEG on a new Las Vegas arena behind the Imperial Palace casino has abandoned their efforts after overwhelming apathy from Clark County leaders. The Las Vegas Arena Foundation says it will stop its pursuit of the arena, which would be built on land donated by Harrah’s and funded by a […]
