{"id":883,"date":"2025-05-14T00:48:18","date_gmt":"2025-05-14T00:48:18","guid":{"rendered":"https:\/\/musictechohio.online\/site\/live-nation-lease-music-venue-atlanta-development\/"},"modified":"2025-05-14T00:48:18","modified_gmt":"2025-05-14T00:48:18","slug":"live-nation-lease-music-venue-atlanta-development","status":"publish","type":"post","link":"https:\/\/musictechohio.online\/site\/live-nation-lease-music-venue-atlanta-development\/","title":{"rendered":"Live Nation to Lease 5,000-Seat Music Venue at Downtown Atlanta\u00a0Development"},"content":{"rendered":"
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\n\tLive Nation has agreed to a long-term lease for a 5,000-seat venue in downtown Atlanta that will be part of a development around the Mercedes-Benz Stadium and State Farm Arena.<\/p>\n

\n\tCentennial Yards is described<\/a> by CIM, the developer that has partnered with the City of Atlanta, as a \u201cmixed-used community featuring residential units, retail and entertainment establishments, community gathering spaces and more.\u201d The 50-acre site is expected to have a $5 billion price tag. In addition to the music venue, it will include a 14-story hotel, a two-story food and beverage hall and a Cosm entertainment venue. The development already includes a brewery, loft residences and a 500-foot pedestrian bridge.<\/p>\n

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\t\t\t\t\tMarathon Live Opening New Theater in Jacksonville,\u00a0Florida\t\t<\/p>\n<\/h3><\/div>\n

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\n\tLive Nation\u2019s involvement with the development was first reported by The Wall Street Journal<\/a><\/em>.<\/p>\n

\n\tConcert venues are increasingly popular properties in urban developments centered around the venues of professional sports teams. Mercedes-Benz Stadium has been the home of the Atlanta Falcons since 2017. The Atlanta Hawks basketball team plays at State Farm Arena.<\/p>\n

\n\t\u201cEvery owner of a major sports team that wants to have their new building is not just building a building anymore,\u201d Live Nation president\/CFO Joe Berchtold<\/strong> said at the J.P. Morgan Global Technology, Media and Communications Conference on Tuesday (May 13). \u201cThey\u2019re building an entertainment district around it.\u201d<\/p>\n

\n\tCentennial Yards is the latest example of concert promoters taking part in developments that aim to revitalize urban areas. Downtown Nashville\u2019s The Pinnacle<\/a>, a 4,500-capacity music venue operated by AEG Presents, is part of Nashville Yards, owned by real estate developer Southwest Value Partners. Nashville Yards also houses AEG Presents\u2019 regional offices, CAA and, starting in July, Messina Touring Group.<\/p>\n

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\t\t\t\t\t\t\"Majestic<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n

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\t\t\t\t\tMajestic Ventura Theater Signs With Ineffable\u00a0Live\t\t<\/p>\n<\/h3><\/div>\n

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\n\tAnother massive multi-purpose project getting underway is RFK Stadium in Washington, D.C. The development currently includes a food hall, a skate park and festival grounds that hosts music festivals and other large gatherings. Berchtold said at the conference that he was in D.C. last week but didn\u2019t mention the RFK project.<\/p>\n

\n\tLeasing a mid-sized venue in Atlanta will add to Live Nation\u2019s portfolio of venues under its Venue Nation business segment. Venue Nation plans to open 20 additional venues globally in 2025, which it believes will add 7 million incremental fans annually. As of the end of 2024, Live Nation leased 222 venues, owned 32 and operated 67. It has the exclusive booking rights to another 69 venues and owns an equity stake in 4.<\/p>\n<\/div>\n<\/div>\n

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Live Nation has agreed to a long-term lease for a 5,000-seat venue in downtown Atlanta that will be part of a development around the Mercedes-Benz Stadium and State Farm Arena.…<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[387,451,94,450,452],"tags":[],"class_list":["post-883","post","type-post","status-publish","format-standard","hentry","category-business","category-live-nation","category-music-news","category-touring","category-venues"],"_links":{"self":[{"href":"https:\/\/musictechohio.online\/site\/wp-json\/wp\/v2\/posts\/883","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/musictechohio.online\/site\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/musictechohio.online\/site\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/musictechohio.online\/site\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/musictechohio.online\/site\/wp-json\/wp\/v2\/comments?post=883"}],"version-history":[{"count":0,"href":"https:\/\/musictechohio.online\/site\/wp-json\/wp\/v2\/posts\/883\/revisions"}],"wp:attachment":[{"href":"https:\/\/musictechohio.online\/site\/wp-json\/wp\/v2\/media?parent=883"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/musictechohio.online\/site\/wp-json\/wp\/v2\/categories?post=883"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/musictechohio.online\/site\/wp-json\/wp\/v2\/tags?post=883"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}