Birmingham Amphitheater: Difference between revisions
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The '''Carraway Amphitheater''' is a speculative $50 million, 8,500–9,500-seat outdoor concert venue proposed in September [[2022]] to be constructed in [[Birmingham]]'s [[Norwood]] neighborhood. The venue would serve as an anchor for [[Corporate Realty]]'s "[[The Star Uptown]]", a mixed-use redevelopment of the former [[Carraway Hospital]] campus | The '''Carraway Amphitheater''' is a speculative $50 million, 8,500–9,500-seat outdoor concert venue proposed in September [[2022]] to be constructed in [[Birmingham]]'s [[Norwood]] neighborhood. The venue would serve as an anchor for [[Corporate Realty]]'s "[[The Star Uptown]]", a mixed-use redevelopment of the former [[Carraway Hospital]] campus | ||
Based on prior negotiations, the amphitheater, if built, would be owned by the [[Birmingham-Jefferson Civic Center Authority]] and operated by LiveNation of Beverly Hills, California. It would replace LiveNation's 12,000-seat [[Oak Mountain Amphitheater]] in [[Pelham]], which the company would put on the market after [[2023]] with a | Based on prior negotiations, the amphitheater, if built, would be owned by the [[Birmingham-Jefferson Civic Center Authority]] and operated by LiveNation of Beverly Hills, California. It would replace LiveNation's 12,000-seat [[Oak Mountain Amphitheater]] in [[Pelham]], which the company would put on the market after [[2023]] with a restrictive covenant. | ||
The proposal was introduced to the [[Jefferson County Commission]] by Commissioner [[Jimmie Stephens]] in October. He told the group that the project would require a $5 million up-front commitment from the county, to be matched by the [[City of Birmingham]], the [[BJCC]] and LiveNation. The remaining $30 million would be raised through public bonds issued by the BJCC and financed by venue proceeds, and from revenues generated from payments in lieu of tax (PILOT) earmarked to the BJCC from businesses in the [[Uptown]] entertainment district. Under an agreement between the BJCC and the [[Greater Birmingham Convention and Visitors Bureau]], its revenues from hotel taxes, amounting to approximately $900,000 per year, would also be transferred to the BJCC bond fund, offset by a $3 million "bridge" grant to the CVB from the State of Alabama. | The proposal was introduced to the [[Jefferson County Commission]] by Commissioner [[Jimmie Stephens]] in October. He told the group that the project would require a $5 million up-front commitment from the county, to be matched by the [[City of Birmingham]], the [[BJCC]] and LiveNation. The remaining $30 million would be raised through public bonds issued by the BJCC and financed by venue proceeds, and from revenues generated from payments in lieu of tax (PILOT) earmarked to the BJCC from businesses in the [[Uptown]] entertainment district. Under an agreement between the BJCC and the [[Greater Birmingham Convention and Visitors Bureau]], its revenues from hotel taxes, amounting to approximately $900,000 per year, would also be transferred to the BJCC bond fund, offset by a $3 million "bridge" grant to the CVB from the State of Alabama. |
Revision as of 16:35, 24 October 2022
The Carraway Amphitheater is a speculative $50 million, 8,500–9,500-seat outdoor concert venue proposed in September 2022 to be constructed in Birmingham's Norwood neighborhood. The venue would serve as an anchor for Corporate Realty's "The Star Uptown", a mixed-use redevelopment of the former Carraway Hospital campus
Based on prior negotiations, the amphitheater, if built, would be owned by the Birmingham-Jefferson Civic Center Authority and operated by LiveNation of Beverly Hills, California. It would replace LiveNation's 12,000-seat Oak Mountain Amphitheater in Pelham, which the company would put on the market after 2023 with a restrictive covenant.
The proposal was introduced to the Jefferson County Commission by Commissioner Jimmie Stephens in October. He told the group that the project would require a $5 million up-front commitment from the county, to be matched by the City of Birmingham, the BJCC and LiveNation. The remaining $30 million would be raised through public bonds issued by the BJCC and financed by venue proceeds, and from revenues generated from payments in lieu of tax (PILOT) earmarked to the BJCC from businesses in the Uptown entertainment district. Under an agreement between the BJCC and the Greater Birmingham Convention and Visitors Bureau, its revenues from hotel taxes, amounting to approximately $900,000 per year, would also be transferred to the BJCC bond fund, offset by a $3 million "bridge" grant to the CVB from the State of Alabama.
Birmingham mayor Randall Woodfin and Alabama State Representative Jabo Waggoner, who serves on the CVB board, are on record supporting the project. County Commissioner LaShunda Scales has criticized the project as a low priority for residents compared to sewer bills and crime.
LiveNation projects that the amphitheater would generate a gross annual revenue of $7 million from ticket sales, assuming 120,000 tickets sold to 15-17 shows per year. The projected overall economic impact would also include hotel rooms, meals, entertainment and services consumed by local attendees and visitors.
References
- Johnson, Roy S. (October 18, 2022) "Proposed $50 million amphitheater at Carraway tests regional cooperation for economic development" The Birmingham News
- Johnson, Roy S. (October 18, 2022) "Proposed $50 million Carraway amphitheater would replace Oak Mountain’s: What it might look like" The Birmingham News
- Paepcke, Jon (October 19, 2022) "Jefferson County proposing $50 million North Birmingham amphitheater". WVTM13.com
- O'Leary, A. J. (October 24, 2022) "BJCC commits funding for North Birmingham amphitheater." Birmingham Business Journal