Live Nation Announces $1B Venue Investment

Live Nation will invest $1 billion to build 18 “new and revitalized live music venues” across the United States over the next 18 months, the company announced June 10.

According to a study cited by Live Nation, construction, engineering and development of the projects — which range from small clubs to large amphitheaters — will spur $2.9 billion in economic impact with $1.4 billion in annual impact once the venues are online.

The projects will be located in Allentown, PA; Atlanta, GA; Birmingham, AL; Denver, CO; Indianapolis, IN; Memphis, TN; Milwaukee, WI; Nashville, TN; Orlando, FL; Portland, ME; Portland, OR; Pittsburgh, PA; Raleigh, NC; Richmond, VA; Riverside, MO; Seattle, WA; Shakopee, MN; and Virginia Beach, VA.

Many of these projects were previously announced and those in Richmond, Riverside, Memphis, Pittsburgh and Allentown have already broken ground.

“Our mission is simple: help artists deliver more unforgettable live experiences – and in doing so, create jobs, revive cities, and lift up the communities we touch,” said Live Nation CEO Michael Rapino in a press release. “As an American company, we drive impact here at home while also helping elevate and export the very best of what this nation represents: freedom, creativity, grit, and boundless possibility.”