Venu Holding Corporation to Construct World's Largest Amphitheater in McKinney, Texas as Part of a $3 Billion Expansion Plan

Reuters
06-18
Venu Holding Corporation to Construct World's Largest Amphitheater in McKinney, Texas as Part of a $3 Billion Expansion Plan

Venu Holding Corporation, under the leadership of Founder, Chairman, and CEO J.W. Roth, has announced a significant real estate venture involving the construction of approximately $3 billion worth of venues over the next three to four years. The company recently broke ground on a $350 million amphitheater in McKinney, Texas, touted as the largest fully seated, multi-seasonal amphitheater ever built. This project is part of a public-private partnership with the City of McKinney. Venu's innovative financing model combines public-private partnerships, fractional ownership sales, and sale-leasebacks, with 35-45% of financing sourced from municipal partnerships offering real estate, cash, and tax incentives. The company also secured a $10.25 million equity investment from an institutional investor by issuing Series B 4% Cumulative Convertible Preferred Stock.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Venu Holding Corporation published the original content used to generate this news brief via Newsfile (Ref. ID: 255972) on June 18, 2025, and is solely responsible for the information contained therein.

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