KC-area metropolis approves $120M bonds to construct new outside live performance venue on Missouri River
Kansas Metropolis’s Northland is about to get a brand new outside live performance venue inside roughly the following two years.
Earlier this week, the Riverside Board of Aldermen approved $120 million in bonds to construct the brand new amphitheater alongside the Missouri River, which will probably be leased by world leisure firm LiveNation.
LiveNation can pay $95 million for the undertaking and is predicted to save lots of about $15 million via agreed on tax incentives, together with gross sales and use tax exemptions on development supplies and a 10-year property tax abatement. Town owns the location, so it doesn’t at present generate tax income. The state of Missouri will put $20 million to the undertaking and Riverside will pitch in $5 million.
The theater is predicted to be positioned northwest of Horizons Parkway and Interstate 635 close to the KC Present coaching facility within the Platte County metropolis of Riverside, east of Parkville and north of Kansas Metropolis, Kansas.
The undertaking was introduced final 12 months. The stadium will seat 15,000 individuals, a LiveNation spokesperson stated. Seating consists of 1,666 pit seats, 6,076 basic seats, 4,135 garden seats, 1,502 premium seats, 432 premium packing containers, 410 premium group gross sales and 786 premium garden seats.
The theater may have about 5,200 parking stalls and 200 ride-share stalls.
The opening date is but to be introduced. Groundbreaking will occur quickly in Riverside.
LiveNation owns over 150 venues throughout the nation, together with Hollywood Casino Amphitheater close to St. Louis.
