NEWPORT, Kentucky (CelebrityAccess) — AEG Presents is partnering with the Corporex Companies to build a $40 Million music venue on the riverfront in Newport, Kentucky.
When it opens, the venue will accommodate indoor audiences of up to 2,700 and an outdoor capacity for the summer shows of up to 7,000 concert goers, and will host more than 180 events a year, AEG said.
The new venue will be included in the first phase of Ovation, a 25-acre mixed use development located on the Ohio River across from downtown Cincinnati. Site preparations are beginning immediately with full construction commencing once final building permits are secured, AEG said.
he concert hall, with a unique sweeping roof design, will sit atop a 550-car structured parking garage. The Venue Plaza will be linked to the future phases of the Ovation development via a pedestrian walkway over the recently opened Route 9 extension.
A pedestrian bridge will be linked to the restaurants, night life and other entertainment spots that will make up the main pedestrian streets dubbed Broadway and Main Streets within the mixed-use Ovation development.
According to Tom Banta, Managing Director of Corporex Companies, LLC, “we began working with Scott Stienecker, CEO of PromoWest, more than a year ago, with a goal of securing an entertainment venue that would be a centerpiece to the Ovation development. During the course of our negotiations, PromoWest was acquired by AEG Presents, one of the largest live music companies in the world. We are delighted to now be working with two, best in class, live music promoters attracting both regional and national talent”.
“The Newport location provides AEG/PromoWest the perfect opportunity to expand our Midwest presence to the Cincinnati marketplace,” said Scott Stienecker, CEO of PromoWest. “We intend to bring many of the same groups that play at our EXPRESS LIVE! in Columbus, Ohio, and STAGE AE in Pittsburg, Penn. to Greater Cincinnati.”