Latest news with #SunsetAmphitheater
Yahoo
20-07-2025
- Business
- Yahoo
Yukon amphitheater project won't move forward, city says
YUKON, Okla. (KFOR) — The mayor of Yukon says a controversial project to build a multi-million indoor-outdoor amphitheater in city limits, won't move forward. The project, initially set for consideration near I-40 and Frisco Road in Yukon under the name Sunset Amphitheater. The Venu Group-managed project would have seen a 12,500-capacity amphitheater, the group said would have generated billions of dollars in economic impact in the area in the first 10 years. In addition to creating jobs, bolstering tourism and supporting local government needs. Tuesday, Yukon mayor Brian Pillmore shared with the public during a city council meeting the city had decided not to move forward with the amphitheater. 'We're not supporting moving forward with this project,' said Pillmore in a separate interview with News 4. The decision followed conversations with local stakeholders, Pillmore said, in addition to results from an economic feasibility study the city paid a Chicago-based consulting firm $60,000 to conduct. The results of the study can be found below. Yukon-Amphitheater-StudyDownload 'I think that our our community should be very satisfied that we have a council that listens to them, hears their concerns and evaluates what is best for the city, not best for any one citizen, but best for the city in the long term,' said Pillmore. 'This is day one': Yukon economic feasibility study for amphitheater plans underway The study points out a projection, over 30 years, of Yukon losing more than $91 million of expected sales tax revenue to Oklahoma City and Venu due to a tax-sharing agreement. Yukon would have only pocketed a little over $30 million. Venu would have bough 25-acres of land for less than $500,000 and split ticket fees in half with the city. That doesn't account for an additional 4,000 parking spots the study says the City of Yukon would need to construct and large percentage of a $98 million construction bill the city would also be on the hook for. 'It did show some return for the city of Yukon, but I don't think it was a significant enough return on investment for us to move forward,' said Pillmore. News 4 asked Pillmore if this decision meant the project wouldn't be revisited in the future. He said residents can consider it 'closed at this point.' Pillmore said he doesn't want the rejection to the amphitheater to be seen as the city not welcoming development, adding that the city is open to revisiting what the land is used for as long as it's the right fit. 'Yukon is open for business, but we have to find the things that are the right return on investment and the right fit for our community,' said Pillmore. News 4 reached out to representatives with Venu for comment Tuesday, but did not hear back; and asked Pillmore for clarification on what communication with Venu has been like regarding this decision. 'It's been collaborative,' said Pillmore. 'We've talked to them throughout this whole process, week by week, month by month. So, I don't think there's any surprises with any business that considers entering the City of Yukon. We want that to be a collaborative discussion.' Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed. Solve the daily Crossword
Yahoo
16-06-2025
- Entertainment
- Yahoo
Venu Holding Corporation Breaks Ground on 20,000-Seat, Multi-Season Amphitheater in McKinney, TX
Performances by Robert Earl Keen and Evan Felker of Turnpike Troubadours Kick Off Sunset Amphitheater's Live Music Era in North Texas MCKINNEY, Texas, June 16, 2025--(BUSINESS WIRE)--Venu Holding Corporation ("VENU" or the "Company") (NYSE American: VENU), a developer, owner, and operator of upscale live music venues and premium hospitality destinations, and the City of McKinney welcomed 500 City of McKinney officials, venue sponsors, partners, investors, and live music fans to the groundbreaking event for Sunset Amphitheater powered by EIGHT Elite Light Beer last Friday, June 13. The future site of the 20,000-seat facility located on 46 acres near U.S. 75 and Highway 121 will be a first-of-its-kind premium live music venue in Texas, slated to open in third quarter 2026. The Friday, June 13, event featured a song swap from one of Texas's most beloved singer-songwriters, Robert Earl Keen, and Turnpike Troubadours' Evan Felker. The invite-only evening kicked off with a social hour and remarks from VENU Founder and CEO J.W. Roth, McKinney Mayor George Fuller, McKinney Mayor-elect Bill Cox, and leaders from the McKinney Economic Development Corporation and McKinney Community Development Corporation. After the official groundbreaking, Robert Earl Keen and Even Felker entertained guests by performing country music. "We're so excited to be here," said VENU Founder and CEO J.W. Roth. "We're going to build the most luxurious, fully seated, multi-configuration, multi-seasonal venue in history right here in McKinney. The organizations here in McKinney have been nothing short of incredible. This groundbreaking wouldn't be possible without that unwavering passion of the folks of McKinney." The Sunset Amphitheater at McKinney powered by EIGHT Elite Light Beer puts fans in the center of the action, promising an elevated experience from the moment they arrive. With a flexible, multi-season configuration that enables year-round programming, premium LuxeFire Suites, the exclusive members-only Aikman Club (detailed below), a canopied roof and wind walls designed to provide protection from inclement weather and a comfortable atmosphere in the winter, Sunset Amphitheater at McKinney powered by EIGHT Elite Light Beer is the only premium outdoor live music venue in Texas. Guests will also enjoy elevated food and beverage offerings through a newly announced strategic partnership with Aramark Sports + Entertainment. In collaboration with NFL Hall of Famer and EIGHT Beer Founder Troy Aikman, the venue boasts The Aikman Club—a beautifully appointed members-only club offering world-class cuisine and nestled at the very center of the amphitheater. This one-of-a-kind space offers unmatched views, premium seating and an array of high-end amenities for its elite members. Click here to discover how to get involved. The multi-seasonal, ultra-luxe venue is being developed as part of a public-private partnership between VENU, the City of McKinney, the McKinney Economic Development Corporation and the McKinney Community Development Corporation. The $300 million venue is projected to generate more than $3 billion in economic impact over its first 10 years of operation—spurring job creation, local tourism, tax revenues to support schools and public services, infrastructure improvements, small business growth, and broader community development. ABOUT VENU HOLDING CORPORATION: Venu Holding Corporation ("VENU") (NYSE American: VENU), founded by Colorado Springs entrepreneur and 2023 VenuesNow All-star J.W. Roth, is a premier hospitality and live music venue developer dedicated to crafting luxury, artist-centric, experience-driven entertainment destinations. VENU's campuses in Colorado Springs, Colorado, and Gainesville, Georgia, each feature Bourbon Brothers Smokehouse and Tavern, The Hall at Bourbon Brothers, and unique to Colorado Springs, Notes Eatery and the 9,570-seat Ford Amphitheater. Expanding with new multi-season Sunset Amphitheaters in Oklahoma and Texas, VENU's upcoming large-scale venues will host between 12,500 and 20,000 guests, continuing VENU's vision of redefining the premium live entertainment experience. Click here to view our company overview. VENU has been recognized nationally by The Wall Street Journal, The New York Times, Denver Post, Billboard, VenuesNow, and Variety for its innovative and disruptive approach to live entertainment. Through strategic partnerships with industry leaders such as AEG Presents and NFL Hall of Famer and Founder of EIGHT Elite Light Beer Troy Aikman, VENU continues to shape the future of the entertainment landscape. For more information, visit VENU's website, Instagram, LinkedIn, or X. View source version on Contacts Media Relations – Venu Holding Corporation ("VENU") Bailey Wilson, Kristie Ramirez, Will Mills, will@ Investor Relations – Venu Holding Corporation ("VENU") Chloe Hoeft, choeft@ Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Wire
13-05-2025
- Business
- Business Wire
Venu Holding Corporation Finalizes Land Acquisition for $100M, Multi-Season Amphitheater in El Paso, TX
COLORADO SPRINGS, Colo.--(BUSINESS WIRE)--Venu Holding Corporation ("VENU" or the 'Company') (NYSE American: VENU), a developer, owner, and operator of upscale live music venues and premium hospitality destinations, has closed on the 20-acre property for its 12,500-seat multi-season outdoor music venue in El Paso, TX, Sunset Amphitheater at El Paso. Construction on the premium destination is anticipated to begin Summer 2025 and an official Groundbreaking Ceremony is anticipated for Fall 2025. The $100 million development is set to be built as part of a public-private partnership between VENU and the City of El Paso. Situated within the vibrant Cohen Entertainment District in Northeast El Paso, the state-of-the-art venue will sit at the base of the Franklin Mountains and is poised to become a regional landmark, attracting music fans from across the Southern United States and Northern Mexico. 'Here we go!' says J.W. Roth, Founder and CEO of VENU. 'A huge thank you to Mayor Johnson and the El Paso City Council for their diligence and support throughout this process. We're excited to officially plant roots and bring this unparalleled entertainment destination to El Paso.' "This is a major milestone for El Paso. The Sunset Amphitheater will be a destination unlike any other in our region—one that showcases our city's unique landscape while driving economic growth, creating jobs, and bringing world-class entertainment to the borderland. We are proud to partner with VENU on a project that will redefine what's possible in Northeast El Paso,' said City of El Paso Mayor Renard U. Johnson. Backed by a $31.5 million performance-based incentive package from the City of El Paso, Sunset Amphitheater at El Paso is anticipated to open in 2026 and projected to generate more than $2 billion in economic impact in the first 10 years of operation—fueling job creation, tourism, and long-term prosperity across the region. About Venu Holding Corporation Venu Holding Corporation ("VENU") (NYSE American: VENU), founded by Colorado Springs entrepreneur and 2023 VenuesNow All-star, J.W. Roth, is a premier hospitality and live music venue developer dedicated to crafting luxury, artist-centric, experience-driven entertainment destinations. VENU's campuses in Colorado Springs, Colorado, and Gainesville, Georgia, each feature Bourbon Brothers Smokehouse and Tavern, The Hall at Bourbon Brothers, and unique to Colorado Springs, Notes Eatery and the 9,570-seat Ford Amphitheater. Expanding with new multi-season Sunset Amphitheaters in Oklahoma and Texas, VENU's upcoming large-scale venues will host between 12,500 and 20,000 guests, continuing VENU's vision of redefining the premium live entertainment experience. Click here to view our company overview. VENU has been recognized nationally by The Wall Street Journal, The New York Times, Denver Post, Billboard, VenuesNow, and Variety for its innovative and disruptive approach to live entertainment. Through strategic partnerships with industry leaders such as AEG Presents and NFL Hall of Famer and Founder of EIGHT Elite Light Beer, Troy Aikman, VENU continues to shape the future of the entertainment landscape. For more information, visit Forward-Looking Statements Certain statements in this press release constitute "forward-looking statements" within the meaning of the federal securities laws. Words such as "may," "might," "will," "should," "believe," "expect," "anticipate," "estimate," "continue," "predict," "forecast," "project," "plan," "intend" or similar expressions, or statements regarding intent, belief, or current expectations, are forward-looking statements. While the Company believes these forward-looking statements are reasonable, undue reliance should not be placed on any such forward-looking statements, which are based on information available to us on the date of this release. These forward-looking statements are based upon current estimates and assumptions and are subject to various risks and uncertainties, including without limitation those set forth in the Company's filings with the SEC, not limited to Risk Factors relating to its business contained therein. Thus, actual results could be materially different. The Company expressly disclaims any obligation to update or alter statements whether as a result of new information, future events or otherwise, except as required by law.
Yahoo
13-05-2025
- Business
- Yahoo
Venu Holding Corporation Finalizes Land Acquisition for $100M, Multi-Season Amphitheater in El Paso, TX
Official Groundbreaking Ceremony Anticipated for Fall 2025 COLORADO SPRINGS, Colo., May 13, 2025--(BUSINESS WIRE)--Venu Holding Corporation ("VENU" or the "Company") (NYSE American: VENU), a developer, owner, and operator of upscale live music venues and premium hospitality destinations, has closed on the 20-acre property for its 12,500-seat multi-season outdoor music venue in El Paso, TX, Sunset Amphitheater at El Paso. Construction on the premium destination is anticipated to begin Summer 2025 and an official Groundbreaking Ceremony is anticipated for Fall 2025. The $100 million development is set to be built as part of a public-private partnership between VENU and the City of El Paso. Situated within the vibrant Cohen Entertainment District in Northeast El Paso, the state-of-the-art venue will sit at the base of the Franklin Mountains and is poised to become a regional landmark, attracting music fans from across the Southern United States and Northern Mexico. "Here we go!" says J.W. Roth, Founder and CEO of VENU. "A huge thank you to Mayor Johnson and the El Paso City Council for their diligence and support throughout this process. We're excited to officially plant roots and bring this unparalleled entertainment destination to El Paso." "This is a major milestone for El Paso. The Sunset Amphitheater will be a destination unlike any other in our region—one that showcases our city's unique landscape while driving economic growth, creating jobs, and bringing world-class entertainment to the borderland. We are proud to partner with VENU on a project that will redefine what's possible in Northeast El Paso," said City of El Paso Mayor Renard U. Johnson. Backed by a $31.5 million performance-based incentive package from the City of El Paso, Sunset Amphitheater at El Paso is anticipated to open in 2026 and projected to generate more than $2 billion in economic impact in the first 10 years of operation—fueling job creation, tourism, and long-term prosperity across the region. About Venu Holding Corporation Venu Holding Corporation ("VENU") (NYSE American: VENU), founded by Colorado Springs entrepreneur and 2023 VenuesNow All-star, J.W. Roth, is a premier hospitality and live music venue developer dedicated to crafting luxury, artist-centric, experience-driven entertainment destinations. VENU's campuses in Colorado Springs, Colorado, and Gainesville, Georgia, each feature Bourbon Brothers Smokehouse and Tavern, The Hall at Bourbon Brothers, and unique to Colorado Springs, Notes Eatery and the 9,570-seat Ford Amphitheater. Expanding with new multi-season Sunset Amphitheaters in Oklahoma and Texas, VENU's upcoming large-scale venues will host between 12,500 and 20,000 guests, continuing VENU's vision of redefining the premium live entertainment experience. Click here to view our company overview. VENU has been recognized nationally by The Wall Street Journal, The New York Times, Denver Post, Billboard, VenuesNow, and Variety for its innovative and disruptive approach to live entertainment. Through strategic partnerships with industry leaders such as AEG Presents and NFL Hall of Famer and Founder of EIGHT Elite Light Beer, Troy Aikman, VENU continues to shape the future of the entertainment landscape. For more information, visit Forward-Looking Statements Certain statements in this press release constitute "forward-looking statements" within the meaning of the federal securities laws. Words such as "may," "might," "will," "should," "believe," "expect," "anticipate," "estimate," "continue," "predict," "forecast," "project," "plan," "intend" or similar expressions, or statements regarding intent, belief, or current expectations, are forward-looking statements. While the Company believes these forward-looking statements are reasonable, undue reliance should not be placed on any such forward-looking statements, which are based on information available to us on the date of this release. These forward-looking statements are based upon current estimates and assumptions and are subject to various risks and uncertainties, including without limitation those set forth in the Company's filings with the SEC, not limited to Risk Factors relating to its business contained therein. Thus, actual results could be materially different. The Company expressly disclaims any obligation to update or alter statements whether as a result of new information, future events or otherwise, except as required by law. View source version on Contacts Media Relations Chloe HoeftVenu Holding Corporation ("VENU")719-895-5470choeft@ Investor Relations Dave GentryRedChip Companies, Inc.1-407-644-4256VENU@ Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
05-04-2025
- Entertainment
- Yahoo
Readers sound off on proposed Yukon amphitheater, banking rule, Ryan Walters
I am writing in opposition to the building of the Sunset Amphitheater at Frisco Road and Route 66, less than one mile away from my home. Although this site is in the city limits of Yukon, Oklahoma, many OKC/Yukon residents living just south of Interstate 40 will also be negatively impacted by the approval of this venue. This company has only built one amphitheater thus far, in Colorado Springs, and residents there tell me that they can hear concerts and audibly understand the songs' words from as far away as 2.8 miles from their much smaller Ford Amphitheater. Please review the independent noise pollution study commissioned and paid for by Colorado Springs' City Council at Venu's Ford Amphitheater in response to hundreds of ongoing complaints from local citizens. Venu's executives are quick to say, 'we will be great neighbors,' but their actions speak louder than their words. For reference, the National Institutes of Health and the Environmental Protection Agency Noise Pollution Standards recommend a daily sound level limit of 55dB to promote health and welfare. The NIH also recommends a maximum limit of 70dB to prevent hearing independent study concluded that the Colorado Springs' Ford Amphitheater (which is much smaller than what is planned for inside Yukon city limits) produces sound levels of up to an incredible 128dB! My home is my refuge of peace, as I am sure yours is. After long days and nights of working at the Paycom (Center) and the (Chickasaw) Bricktown Ballpark, I cannot imagine coming home to 70 concerts a year that will rattle my windows, shake my walls, and dictate when I may and may not be allowed to sleep. Three miles of sound travel, as the complaints from Colorado Springs' Ford Amphitheater show, would affect the majority of Yukon and parts of OKC, not just the nearby neighborhoods like mine. Many residents' homes and businesses, including our local hospital, many of our city parks, and most of our visitors staying in local hotels are going to be negatively affected by each and every event held, 70 times a year, more than once a week. This is not a problem for only the neighborhoods near the proposed site. This is a city-wide Yukon and OKC problem. Please join me in protesting this project. ― Scott Downs, Yukon Want the latest Viewpoints? Sign up for the Public Square newsletter. Visualize your mother at the tender age of 67 who has been blessed to work until retirement and the time to collect Social Security has come. However, the income isn't enough to pay rent, utilities, and/or groceries. This is a commonality amongst the customers that I serve at First Security Bank & Trust Co. in northeast Oklahoma City. The customers' job title, age, gender and income source might vary, but the important takeaway remains consistent. There is not enough money to make it through the month. However, with our bank's overdraft privilege program, it can be enough. First Security Bank & Trust Co. is the only Black-owned minority depository institution in Oklahoma. With our single branch location, we reach and proudly serve a predominantly Black demographic. For many customers, overdraft protection provides a vital lifeline to ensure essential expenses are paid. Overdraft privilege for our customer base is often times their only option to make ends meet. Small dollar loans are not an option at our institution and, in any event, some of our customer base might not qualify for a loan. Therefore, we offer an overdraft privilege as an option so that our customers think of their bank as their first option for small dollar liquidity. Instilling trust in the banking industry will always be a top priority of our institution. Additionally, customers do not want ― or need ― a $1,000 loan that comes with repayment obligations that the customer must manage — or risk a hit to their credit score. But in his final days in office, a government regulator in Washington, D.C. ― Consumer Financial Protection Bureau Director Rohit Chopra ― issued a regulation that could end our customers' access to overdraft. Chopra's regulation declared overdraft protection services to be 'credit' regulated by a statute designed to regulate credit cards and other consumer loans unless the overdraft fee is below a $5 price cap or below the institution's 'breakeven' costs to operate its overdraft program. Chopra's rule applies directly to banks and credit unions with more than $10 billion in assets. But don't be fooled; First Security is a community bank, but we compete for the same customers as larger banks that also serve Oklahoma City. If the large bank down the street reduces its overdraft fee to Chopra's $5 price cap, we will need to respond or risk losing many of our customers. If we determine that we cannot offer overdraft services at $5 per overdraft, we will be compelled to limit or end this valuable service. Our customers may then turn to higher-risk products such as payday and vehicle title loans offered by less regulated non-bank lenders. That result benefits no one. Consumers ― not a government official ― should make decisions about the financial products and services they want to use. ― Haylie Calicott, Oklahoma City We live in a state where our state schools Superintendent Ryan Walters wants to put Bibles in every classroom at a cost of $3 million. As the Oklahoma Supreme Court decides if this is even legal and the state Legislature decides if they want to fund this, I would like to give my opinion. I am a parent of three children. I live in Edmond, and I am a United Methodist minister, serving Crown Heights United Methodist Church in Oklahoma City. The initiative to have a Bible in every classroom is galling to me as a parent, pastor and citizen of this country. First, having only the Bible in classrooms shows a bias toward Christianity. Every Muslim, Hindu and atheist student should question if we are pushing our faith on them. In a country where we have the freedom to practice any or no religion and we say we adhere to a separation of church and state, Bibles in classrooms have no place. Second, I am highly biblically literate. I studied Christianity for seven years of higher education. I cannot imagine why every classroom needs a Bible. Kindergarteners? Elementary classrooms? Middle school band? High school math? Why would we pay money for a book that is not on grade level or not even remotely close to the subject material being taught? Fine, if a high school literature class wants to read a historic portion of the Bible, I don't mind that. That is one classroom in every high school! Not every classroom in every school. More: I'm a Christian. Don't force educators to teach the Bible. | Opinion Third, I do not want public school teachers talking to my children about Christianity, faith or God. I am very careful about what my kids learn about religion and who teaches them. Teaching from the Bible is begging for teachers to cross the line into teaching matters of faith. Let parents religiously educate their own children. Fourth, if we are banning books for having inappropriate content, I am very curious how the Bible made it past the screeners. The rape scenes in Judges 19 or 2 Samuel 13, the laws on sexual intercourse and menstruation, the dated understandings of women and slavery ― gosh, if John Steinbeck or Alice Walker wrote this stuff, Ryan Walters would have banned it. I am trying to say that I am one of many in this state who do not support this initiative. I so want our state to focus on what it takes to educate every child. Teach reading and math. Stop wasting time on this senseless topic. ― The Rev. Trina Bose North, Edmond This article originally appeared on Oklahoman: Readers urge halt to new banking rule and Yukon amphitheater | Letters
