Oak View Group (OVG) has signed an agreement to build a 10,000-seat sports and entertainment venue in Palm Springs, California on tribal lands.
The Agua Caliente Band of Cahuilla Indians, a federally recognised Indian Tribe in the US, announced the partnership with the venue development, advisory, and investment company yesterday (Wednesday) for the privately financed arena, which its chairman said would be a “healthy community gathering place.”
Entertainment giant Live Nation also got in on the deal to supply the new arena with its portfolio of touring artists and live events.
In addition, OVG and NHL Seattle, led by owner David Bonderman, have jointly submitted an application for the new affiliate AHL ice hockey franchise expansion team, which would play in the new arena at the start of the 2021-22 season.
The American Hockey League (AHL) is a professional ice hockey league based in the United States and Canada that serves as the primary developmental league for the National Hockey League (NHL).
The arena, which would sit on 16 acres of tribal land, will likely feature around 10,000 seats and include suites and premium hospitality clubs. The arena will also have an adjoining facility that will serve as a year-round community gathering space as well as the training centre for an AHL team.
Tribal chairman Jeff L. Grubbe said: “This is a unique partnership that will forever change the face of sports and entertainment in Palm Springs and the Coachella Valley.
“We are creating a healthy community gathering place for Coachella Valley families and visitors from around the world to celebrate, play and experience diverse entertainment opportunities in a state-of-the-art arena.”
The arena will be built for conventions, large meetings, international events, as well as award shows and exhibitions.
Over the past two years, OVG has announced the development of venues in Seattle, Belmont Park in Elmont New York, the University of Texas in Austin, the new Winter Olympic 2026 venue in Milan, and now Palm Springs.
Groundbreaking and construction are scheduled for February 2020.
Tim Leiweke, chief executive of OVG added: “With each venue, we’ve had the privilege of building and managing, Oak View Group has consistently continued to raise the industry standard, and the arena in Palm Springs will be no exception.
“We look forward to working with Agua Caliente to build what we consider to be one of the most premiere music and professional sports arenas in the world.”