“Six thousand seats is the candy spot for Stay Nation proper now,” firm CEO Michael Rapino mentioned throughout a press convention in Salt Lake Metropolis on Tuesday (Aug. 19) to unveil one of many firm’s latest venues, a 6,000-seat live performance corridor being constructed in partnership with Smith Leisure Group.
Stay Nation is at present on a constructing spree, growing greater than a dozen mid-sized venues throughout the nation because it seems to create new alternatives for artists like Bailey Zimmerman and Goose to attach with followers. Most of the venues, just like the downtown Salt Lake Metropolis live performance corridor detailed throughout the press convention, will anchor mixed-use developments and host a mean of 200 occasions yearly, together with an estimated 100 live shows, Rapino defined.
The brand new venue is a component of a bigger effort to broaden Stay Nation’s presence in sports activities districts throughout North America together with MGM Music Corridor at Boston’s Fenway Park, Residents at The Wylie in Pittsburgh, a brand new live performance venue in downtown Indianapolis being constructed with Boxcar Improvement and the brand new Centennial Yards venture in downtown Atlanta close to Mercedes Benz Stadium, dwelling of the Atlanta Falcons.
The Salt Lake Metropolis venture is supposed to capitalize on the site visitors from each the Utah Jazz and Salt Lake’s new Nationwide Hockey League franchise, the Utah Mammoth. The Mammoth are set to open their second season in October and draw 1 million individuals downtown, the place the brand new venue will sit on the coronary heart of the town’s deliberate Sports activities, Leisure, Tradition and Conference Heart District.
The 2 firms didn’t specify how a lot the venue would value to construct or how lengthy it will take, though Ryan Smith, chairman/CEO of Smith Leisure Group — which manages the Delta Heart, the 20,000-capacity dwelling to the Jazz — did notice that the 2 firms had been sharing the venture’s prices by way of what he described as a three way partnership.
Rapino mentioned Stay Nation wouldn’t probably have constructed a venue in Salt Lake Metropolis with no associate like Smith Leisure Group, noting, “We might fly over Salt Lake. It wouldn’t be a market we might play, so this will open an awesome alternative and we’re thrilled to be a part of it.”
“While you’re constructing 6,000 [capacity venues], it’s a bit of riskier,” Rapino says. “For those who’re in a suburb or the center of nowhere — since you’re debating what a part of the town will drive to that present — it makes it a bit of more durable. That’s the place we find yourself perhaps doing 3,000 or 4,000 [capacity], however once you could be within the middle of a downtown the place the nucleus might be, it simply opens up uncommon actual property. So aside from Fenway — and doubtless we’ve received 40 of those on the on the docket that we’re exploring — they’re all extra combined use outdoors of the downtown. So it is a uncommon alternative.”
