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Live Nation, Agua Caliente, Oak View Eye $250M Stadium in Palm Springs
Live Nation Entertainment joined the development team that includes The Agua Caliente Band of Cahuilla Indians, and Los Angeles-based Oak View Group, in a proposal to bring a 10,000-seat sports and entertainment venue to downtown Palm Springs. The Tribe is currently preparing the Environmental Impact Statement for the proposed $250-million Palm Springs Arena project on 16 acres of tribal land.
The Agua Caliente Tribal Corporation, a federally chartered corporation of the Tribe, and Oak View Group are proposing to jointly develop a multi-sport and entertainment arena, just north of the Agua Caliente Casino Palm Springs (pictured). The total project would include a 173,000 square-foot arena, a 35,000 square-foot practice facility and 44,000 square feet for locker rooms and support facilities.
NHL Seattle, led by owner David Bonderman, and OVG, which was founded by Tim Leiweke and Irving Azoff in 2015, have jointly submitted an application for the 32nd AHL Franchise expansion team, which, if awarded, would play in the new arena in fall of 2021.
Groundbreaking and construction on the facility are scheduled for February 2020.
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