Developer Offers Old Dominion University Private Financing for New Stadium
Virginia-based developer Stephen Ballard submitted a proposal to Old Dominion University for a new football stadium and has offered to privately finance the endeavor. Ballard also wants to operate and maintain the proposed stadium after its construction for a fee. What that means for Spectra, which manages the Ted Constant Center at ODU is unclear, but Ballard said the company should be part of the discussion. Ballard says that his proposal can save ODU millions in debt. The offer was accompanied with a tight proposed timeline that ODU might “have trouble meeting” according to The Virginian-Pilot.
Ticketing Start-Up ScoreBig Partners With AXS
Online ticketing company ScoreBig has partnered with AEG-owned ticketing company, AXS, expanding its reach to AXS venues including Staples Center in downtown LA. ScoreBig, which lets users bid for cheaper tickets for concerts and sporting events online, was a highly requested service from clients according to senior vice president of AXS Digital, Blaine LeGere. The online ticketing service was founded in 2009 and has grown quickly over the years by signing with big ticketing companies, including Ticketmaster in 2015.
Live Nation Finalizes Deal With Governors Ball
Live Nation has announced the completion of their deal with Founders Entertainment to assume a majority stake in the company. The creators of Governors Ball Music Festival and co-founders of Founders Entertainment Jordan Wolowitz and Tom Russell “could not be more excited about what’s to come,” according to the press release. “As part of the Live Nation family we will get to work with the very best promoters and entrepreneurs in the business and expand the top quality experiences our fans have come to count on,” said Russell and Wolowitz.