Oak View Group
Industry | Real estate development Professional sports |
---|---|
Founded | November 16, 2015 |
Founder | Tim Leiweke and Irving Azoff |
Headquarters | , United States |
Area served | Worldwide |
Key people | Tim Leiweke (CEO) Irving Azoff (President) |
Subsidiaries | Pollstar |
Website | Official website |
Oak View Group, LLC (OVG) is an American
Business developments
The former KeyArena in
On December 7, the NHL's board of governors agreed to consider an application for an expansion team from Seattle, with an expansion fee set at $650 million.[5] The Seattle ownership group is represented by David Bonderman and Jerry Bruckheimer.[6] On February 20, Mayor Jenny Durkan launched an NHL campaign during her State of the Union and announced that the OVG would be initiating a season ticket drive on March 1, 2018.[7] OVG manages Climate Pledge Arena.
The group is also a partner in UBS Arena with the New York Islanders.[8] In December 2017, New York Arena Partners (a venture of the Islanders, OVG, and Sterling Equities) won a bid to construct a new, 18,000-seat arena and mixed-used district at Belmont Park, beating a competing proposal by New York City FC for a new soccer stadium. The new arena was completed in time for the 2021–22 season.[9][10]
In 2016, OVG announced an "Arena Alliance" of independent arenas such as
In 2016, OVG acquired Venues Today, a trade publication for the live entertainment industry.
In 2018, it was announced that OVG and the
In 2019, OVG launched Oak View Group International. Based in London, it will focus on building arena and stadium development and partnership opportunities in the UK, Europe, the Middle East, and Asia. Jessica Koravos, president of Andrew Lloyd Webber’s Really Useful Group, and formerly MD of Anschutz Entertainment Group Live and COO of AEG Europe, is co-chair of OVG International alongside Tim Leiweke.
In February 2019, it was announced that OVG had become the arena manager of Webster Bank Arena, now known as Total Mortgage Arena, in Bridgeport, Connecticut.[17] Oak View Group also will operate Acrisure Arena in Palm Desert, California. Upon completion in December 2022, the arena became the home ice for the Kraken's American Hockey League affiliate, the Coachella Valley Firebirds.[18]
In August 2021, it was announced that OVG and Spectra, a venue management company, would be merging to form a full-service live events company.[19] In October 2021, Oak View Group partnered with the Hamilton Urban Precinct Entertainment Group (HUPEG) to redevelop Hamilton, Ontario's Arts and Entertainment district, including a renovation of FirstOntario Centre.[20]
In March 2022, OVG announced its largest project to date, a 20,000-seat arena in Las Vegas.[21] The 25-acre site (10 ha) is south of the station for the high speed rail line to the Los Angeles area, Brightline West.[22]
References
- ^ "Tim Leiweke and Azoff MSG Entertainment Join Forces to Launch the Oak View Group (OVG)". Globe Newswire. November 16, 2015. Retrieved December 3, 2016.
- ^ "Our Executive Team – Oak View Group". www.oakviewgroup.com. Retrieved May 23, 2017.
- ^ "KeyArena MOU approved by Seattle City Council; will NHL announcement soon follow?". The Seattle Times. December 4, 2017.
- ^ "KeyArena renovation wins approval from Seattle City Council". KING-TV. December 4, 2017.
- ^ "Bettman says NHL will consider Seattle expansion bid". USA Today. December 7, 2017. Retrieved December 7, 2017.
- ^ Rosen, Dan (December 7, 2017). "Seattle can begin NHL expansion process". National Hockey League. Retrieved December 9, 2017.
- ^ "Breaking: Seattle Mayor Jenny Durkan kicks off a campaign for NHL expansion". Sonics Rising. Retrieved February 21, 2018.
- ^ Baumbach, Jim (October 10, 2018). "Oak View Group CEO: Nothing has changed with Belmont plan". Newsday. Retrieved February 25, 2019.
- Disney–ABC Television Group. December 20, 2017. Retrieved December 20, 2017.
- ^ "NHL's Islanders Win Right to Build Arena at Belmont Site". Bloomberg.com. December 19, 2017. Retrieved January 24, 2018.
- ^ "OVG Unveils the Charter Members of the 'Arena Alliance' Uniting Independent World-Class Facilities for the First Time". www.businesswire.com. September 19, 2016. Retrieved February 25, 2019.
- ^ "Oak View Group Acquires Venues Today". VenuesNow. December 21, 2016. Retrieved April 6, 2019.
- ^ "It's official: Oak View Group acquires Pollstar". IQ Magazine. Retrieved July 14, 2017.
- ^ Daniel, Cody (December 20, 2018). "The University of Texas, Oak View Group agree to build 'world-class' on-campus arena". Burnt Orange Nation. Retrieved February 25, 2019.
- ^ "Get it in writing: Texas gets 60 protected dates, all gameday revenue in Moody Center contract". Austin American-Statesman. June 26, 2020. Retrieved August 27, 2020.
- ^ Gates, Billy (April 18, 2022). "Moody Center set for its grand opening, ribbon-cutting ceremony". KXAN. Archived from the original on April 26, 2022. Retrieved April 20, 2022.
- ^ "Oak View Group to Manage Webster Bank Arena". WebsterBankArena.com. Retrieved February 25, 2019.
- ^ "Seattle NHL franchise to have AHL affiliate in Palm Springs". USA TODAY. Retrieved June 28, 2019.
- ^ "Oak View Group and Spectra to Merge, Creating a Leading Full-Service Live Events Company". prnewswire.com. Retrieved September 1, 2021.
- ^ Mims, Taylor (October 7, 2021). "Oak View Group Enters Canadian Market With Ontario Arena Project". Billboard.
- ^ Borba, Ryan (March 30, 2022). "Oak View Group Acquires Las Vegas Land For $3 Billion Arena/Casino Project". VenuesNow. Oak View Group. Retrieved March 30, 2022.
- ^ Golden, Jessica; Brewer, Contessa (March 30, 2022). "Stadium developer plans $3 billion sports arena and casino project in Las Vegas". CNBC. Retrieved May 3, 2022.