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Live Nation Puts Tinley Park Shed On The Block

TINLEY PARK, IL (CelebrityAccess MediaWire) — Live Nation has announced the sale of yet another outdoor concert venue, adding the First Midwest Bank Amphitheatre in Tinley Park, Illinois to the list.

The 28,000-capacity shed joins the Sleep Train Amphitheatre in California, the Verizon Amphitheatre in Indiana and the Germain Amphitheatre in Ohio, on Live Nation property broker CB Richard Ellis Group’s “for sale” list. The Starwood Amphitheatre in Tennessee was recently sold to a real estate firm that plans to demolish the shed and use the property for residential homes.

"We can confirm that CB Richard Ellis is exploring the sale of the First Midwest Bank Amphitheatre in Tinley Park," Live Nation spokesman John Vlautin told CBS2 Chicago.

"We are continually evaluating our real estate holdings on a national basis, and our decision to look into a sale at this time is based on a number of factors," Vlautin said. "This certainly does not mean that a sale is imminent or necessarily guaranteed."

Opened in 1990 as the World Music Theatre, the shed became the Tweeter Center in 2001 and the First Midwest Bank Amphitheatre in March 2006. It will close down at the end of the summer concert season on September 15. –by CelebrityAccess Staff Writers