View Full Version : Sunset Amphitheater



Pages : 1 2 3 [4] 5 6 7 8 9

Pete
12-12-2023, 11:05 AM
BTW, the plans filed are significantly different than those renderings.

Far less slope and most the seats are significantly farther from the stage than depicted.


I'll post more of the details later which demonstrate this.

HangryHippo
12-12-2023, 11:18 AM
The Adventure District is a better option for this project, IMO.
100% agree.

Jersey Boss
12-12-2023, 11:23 AM
Beggars can't be choosers.

So who is begging for this? There seems to be quite some questioning and apprehension about the viability of this project as presented.

HangryHippo
12-12-2023, 11:24 AM
So who is begging for this? There seems to be quite some questioning and apprehension about the viability of this being viable as presented.
I’ve seen exactly no one begging.

chssooner
12-12-2023, 12:01 PM
So who is begging for this? There seems to be quite some questioning and apprehension about the viability of this project as presented.

OKC is maybe the largest market not served by an adequate outdoor amphitheater for summer tours. Most want 10k and up. The Zoo holds 7k, and can't be added on. The need is massive for OKC. Losing concert dollars to Rogers, AR is just embarrassing.

shavethewhales
12-12-2023, 12:26 PM
Figured there would be some big differences between concept art and reality. Still hard to get a grasp of what the average seat will look like, but the pit area in front looks smaller and there appear to be more "regular" bleacher seats than originally depicted. Both are good changes. Still not as good to be sitting way in the back of this thing vs. in the upper seats at the Paycom center based on total distance, but alas.

Paule4ou
12-12-2023, 03:47 PM
YETI Music Coliseum ? Wonder what they ponied up for that. 18507

Jersey Boss
12-12-2023, 07:18 PM
OKC is maybe the largest market not served by an adequate outdoor amphitheater for summer tours. Most want 10k and up. The Zoo holds 7k, and can't be added on. The need is massive for OKC. Losing concert dollars to Rogers, AR is just embarrassing.

Rogers is over 200 miles away from OKC. Whether or not this project comes to fruition, it will have zero impact on Rogers. BTW the Rogers facility has <10k seats.

chssooner
12-12-2023, 07:35 PM
Rogers is over 200 miles away from OKC. Whether or not this project comes to fruition, it will have zero impact on Rogers. BTW the Rogers facility has <10k seats.

My bad. It is still 2,500 more than OKC, and has triple the events than the Zoo Amp, if not more. I was SOLELY using them for comparison to the face they have a better outdoor amphitheater than OKC, which is pathetic.

Not sure why an outdoor amphitheater is a bad thing. I just don't get it.

Snowman
12-12-2023, 09:10 PM
Beggars can't be choosers.

Though it still should bring up questions about do they know what they are doing, or will happen at all, as noted earlier are a relatively new operation.

Ether between OKC/Edmond or Moore/Norman seems to make more sense on being closer to a larger percentage of the metro's population. Plus we have better North/South highway capacity than East/West, though in the next decade or two new turnpikes should help that a bit on the south side of the metro.

unfundedrick
12-12-2023, 10:44 PM
It may not mean anything but I noticed the latest renderings in their ads in the Oklahoman show some kind of roof or covering above the seats.

Pete
12-13-2023, 07:28 AM
These are the latest renderings on their website.


HTTP://www.okctalk.com/images/pete/noteslive121323a.jpg


HTTP://www.okctalk.com/images/pete/noteslive121323b.jpg


HTTP://www.okctalk.com/images/pete/noteslive121323c.jpg

Zuplar
12-13-2023, 08:03 AM
Anyone else find it obnoxious that it's in Oklahoma City, has a Yukon address, but they are calling it Mustang?

chssooner
12-13-2023, 08:44 AM
Oh, that's pretty! I like the covering! I know it will change before the final version, but the fact a covering is being considered now is a huge step.

Snowman
12-13-2023, 09:58 AM
Anyone else find it obnoxious that it's in Oklahoma City, has a Yukon address, but they are calling it Mustang?

Kind of par for the course in the area. Where OKC city limits, Yukon mailing addresses, and Mustang school district all overlap. Being adjacent to a Mustang school and near Mustang road, it makes sense how people that are not a resident in that area probably will associate it with Mustang.

Zuplar
12-13-2023, 10:48 AM
Kind of par for the course in the area. Where OKC city limits, Yukon mailing addresses, and Mustang school district all overlap. Being adjacent to a Mustang school and near Mustang road, it makes sense how people that are not a resident in that area probably will associate it with Mustang.

You aren't wrong, but I've noticed that this definition of "Mustang" has slowly crept up to I40. As someone who grew up in Mustang proper and went to high school there, I'm well aware of everything between Mustang and Yukon being OKC proper, but for all intents and purposes in my mind the border between "Mustang" and "Yukon" was SW44th street. Yes I know this isn't perfect, but the majority of people above have a Yukon address, and below Mustang.

Obviously public perception has shifted since I lived there, but when I see things around I40 being called Mustang area I just can't help but find that to be odd.

Chris Gordon
12-13-2023, 11:05 AM
Anyone else find it obnoxious that it's in Oklahoma City, has a Yukon address, but they are calling it Mustang?

As long as the tax revenue goes to OKC, I don't care where they say it is!

Shortsyeararound
12-13-2023, 01:50 PM
You aren't wrong, but I've noticed that this definition of "Mustang" has slowly crept up to I40. As someone who grew up in Mustang proper and went to high school there, I'm well aware of everything between Mustang and Yukon being OKC proper, but for all intents and purposes in my mind the border between "Mustang" and "Yukon" was SW44th street. Yes I know this isn't perfect, but the majority of people above have a Yukon address, and below Mustang.

Obviously public perception has shifted since I lived there, but when I see things around I40 being called Mustang area I just can't help but find that to be odd.

I am with you- when I think of Mustang I think of Fireworks City and that area around the high school. I was wondering the same about why they are terming it "Mustang". The amp is not going to be attending MPS, so hahah.

Pete
12-13-2023, 01:55 PM
Remember, this amphitheater is part of a project called Mustang Creek Crossing and two Mustang schools are directly south.

warreng88
12-13-2023, 02:39 PM
The shade cover will be great to block out the sun, but I would think they would need some big fans to keep air moving through it as well.

CitySooner
12-13-2023, 02:45 PM
Just an off the wall take here, I am happy with being wrong on this, but does anyone else wish the venue were a bit smaller? Clearly I'm being picky, but I'm talking more 6-8k seats instead of 12k. Thoughts?

chssooner
12-13-2023, 02:49 PM
Just an off the wall take here, I am happy with being wrong on this, but does anyone else wish the venue were a bit smaller? Clearly I'm being picky, but I'm talking more 6-8k seats instead of 12k. Thoughts?

We already have a 6-8k seat amp (ZOo Amp is 7k). What good would another one do? And most tours want basically 10k and above, or they can't make money. Hence why the Zoo gets minimal shows, compared to other amphitheaters across the country.

TheTravellers
12-13-2023, 03:12 PM
The shade cover will be great to block out the sun, but I would think they would need some big fans to keep air moving through it as well.

Oklahoma wind will take care of that...

dhpersonal
12-13-2023, 04:21 PM
The sun cover doesn't seem made to block the sun but instead are there for rain. Those coverings look semi-transparent. Additionally, the stage is on the south side of the property, which means we might always be looking into the sun while sitting in the seats, no matter the season.

Pete
12-13-2023, 04:31 PM
The surest give-away that the stage is very far from most the seats is the addition of huge video screens; they are much smaller in the original renderings.

I mentioned before that I've been to Shoreline in Mountain View and it was a complete waste of time. Our group spent the entire night watching the video screen and very few around us were paying attention at all. It really, really sucked.

The Hollywood and Santa Barbara Bowls are both fantastic though because the slope is quite steep, bringing most seats pretty close to the stage. Without an existing hillside, there is no way to get the seats close; I bet the pitch ends up like the zoo. Also, a true bowl captures the sound. The acoustics at both places are fantastic, as is the setting of course.

If I was going to a concert here, I would either buy seats at the very front or not bother with the expense and hassle.

chssooner
12-13-2023, 05:11 PM
The surest give-away that the stage is very far from most the seats is the addition of huge video screens; they are much smaller in the original renderings.

I mentioned before that I've been to Shoreline in Mountain View and it was a complete waste of time. Our group spent the entire night watching the video screen and very few around us were paying attention at all. It really, really sucked.

The Hollywood and Santa Barbara Bowls are both fantastic though because the slope is quite steep, bringing most seats pretty close to the stage. Without an existing hillside, there is no way to get the seats close; I bet the pitch ends up like the zoo. Also, a true bowl captures the sound. The acoustics at both places are fantastic, as is the setting of course.

If I was going to a concert here, I would either buy seats at the very front or not bother with the expense and hassle.

Most modern amphitheaters are like this, though. Dos Equis in Dallas, Cynthia Woods in The Woodlands, Xfinity Theater in Hartford, RV Inn Style Resorts Amp in Ridgefield, WA, USANA Amp in Salt Lake. I agree, most shows won't be worth the hassle, unless you really like the band, But getting those shows these venues get that skip OKC because we can't fit 10k in the amphitheater will be big for people who truly love live music, regardless of seeing the stage (of which there are plenty).

I am biased, because I have been to all of those venues, and while ours won't be perfect, it will give us something very similar to those, and will get the shows that skip over OKC that I have to travel to Dallas or Houston for (mostly rock and metal shows).

https://www.livenation.com/venue/KovZpa1qje/banknh-pavilion-events

Yeah, Gilford, NH shouldn't be having shows like this, and our city has none.

https://www.livenation.com/venue/KovZpZAEkaaA/oak-mountain-amphitheatre-events

Same with Birmingham, AL.

It isn't that these venues are just crazy booked, but they have shows already lined up, whereas the Zoo Amp has nothing.

https://waltonartscenter.org/AMP/

Now, for a venue that is packed with events already, look about 3 hours to our northeast, Walmart AMP is loaded already. They are not more hip or happening than OKC, yet because they have a venue that gets close to that 10k threshold, they have like, 20 shows already booked.

Either that, or the Zoo Amp sucks at booking shows.

Pete
12-13-2023, 05:19 PM
^

At Shoreline it was the B-52s and I've seen them 3-4 times and always loved them.

But not in Mountain View; way too far away and impossible to hear well.

As expensive as concerts are, I want to be very sure I have good seats, especially at venues like this. Equally true for U2 at Dodger Stadium. I was right behind home plate but Bono was almost to the centerfield fence. Terrible, terrible concert very expensive and you can imagine the horror when 40,000 people all try to leave at once in L.A. I'm still scarred by that experience.

chssooner
12-13-2023, 05:24 PM
^

At Shoreline it was the B-52s and I've seen them 3-4 times and always loved them.

But not in Mountain View; way too far away and impossible to hear well.

As expensive as concerts are, I want to be very sure I have good seats, especially at venues like this. Equally true for U2 at Dodger Stadium. I was right behind home plate but Bono was almost to the centerfield fence. Terrible, terrible concert very expensive and you can imagine the horror when 40,000 people all try to leave at once in L.A. I'm still scarred by that experience.

I agree. I don't love outdoor shows, but most of my favorite bands only do them, and I have had to live with it, unfortunately. i just don't want to drive all over the region to see them. Lol I know we aren't Dallas, but we should be above Rogers, AR or Gilford, NH.

Video Expert
12-13-2023, 05:26 PM
The cover is a great addition, but asking investors to pony up to $100K to "own" one of those firepit suites that are a mile from the stage is just insane. They might want to rethink that.

Pete
12-13-2023, 05:40 PM
Just remembered I saw Depeche Mode at the Starplex in Dallas during their Violator tour, absolutely the height of their popularity.

It was summer and there was a roof on the venue and it was *miserable*. I had good seats but ended up leaving before the encore because the conditions were insanely uncomfortable.

I also remember being at a Rangers game in the middle of the summer and by 11PM it was still like 95 outside. This is why they threw away a relatively new stadium and built a dome.


On the opposite end of the spectrum, I saw the Dodgers in August in the late 80s and the woman at the hotel desk said, "You'd better take a jacket!" I just laughed and then was so cold by the 5th inning I had to bail. It had been sunny and mid-80s during the day, about as good as it gets in August. Right then and there, I said, out loud, "That's it -- I'm moving here". And not long after I did exactly that.

jn1780
12-13-2023, 06:44 PM
The cover is a great addition, but asking investors to pony up to $100K to "own" one of those firepit suites that are a mile from the stage is just insane. They might want to rethink that.

"Honey remember when I promised Thinder season tickets? Well I went a different route"

Shortsyeararound
12-13-2023, 07:43 PM
The surest give-away that the stage is very far from most the seats is the addition of huge video screens; they are much smaller in the original renderings.

I mentioned before that I've been to Shoreline in Mountain View and it was a complete waste of time. Our group spent the entire night watching the video screen and very few around us were paying attention at all. It really, really sucked.

The Hollywood and Santa Barbara Bowls are both fantastic though because the slope is quite steep, bringing most seats pretty close to the stage. Without an existing hillside, there is no way to get the seats close; I bet the pitch ends up like the zoo. Also, a true bowl captures the sound. The acoustics at both places are fantastic, as is the setting of course.

If I was going to a concert here, I would either buy seats at the very front or not bother with the expense and hassle.

Santa Barbara is a masterclass in how you do that with a small space surrounded by everything. It is a beautiful spot and they get loads of A+ talent.

Shortsyeararound
12-13-2023, 07:47 PM
Just remembered I saw Depeche Mode at the Starplex in Dallas during their Violator tour, absolutely the height of their popularity.

It was summer and there was a roof on the venue and it was *miserable*. I had good seats but ended up leaving before the encore because the conditions were insanely uncomfortable.

I also remember being at a Rangers game in the middle of the summer and by 11PM it was still like 95 outside. This is why they threw away a relatively new stadium and built a dome.


On the opposite end of the spectrum, I saw the Dodgers in August in the late 80s and the woman at the hotel desk said, "You'd better take a jacket!" I just laughed and then was so cold by the 5th inning I had to bail. It had been sunny and mid-80s during the day, about as good as it gets in August. Right then and there, I said, out loud, "That's it -- I'm moving here". And not long after I did exactly that.

So jealous of that. Saw DM at Starplex in 94 for Songs of Faith of Devotion tour and in 09 for Tour of the Universe (Superpages it was called then).

barrettd
12-14-2023, 08:06 AM
Just remembered I saw Depeche Mode at the Starplex in Dallas during their Violator tour, absolutely the height of their popularity.

It was summer and there was a roof on the venue and it was *miserable*. I had good seats but ended up leaving before the encore because the conditions were insanely uncomfortable.

I also remember being at a Rangers game in the middle of the summer and by 11PM it was still like 95 outside. This is why they threw away a relatively new stadium and built a dome.


On the opposite end of the spectrum, I saw the Dodgers in August in the late 80s and the woman at the hotel desk said, "You'd better take a jacket!" I just laughed and then was so cold by the 5th inning I had to bail. It had been sunny and mid-80s during the day, about as good as it gets in August. Right then and there, I said, out loud, "That's it -- I'm moving here". And not long after I did exactly that.

Yes, I always took a jacket to a night game at Dodger Stadium. I went to see the Yankees play an exhibition there maybe 20 years ago? It was freezing in April/whenever towards the end of the game, and possibly raining.

bombermwc
12-14-2023, 08:08 AM
That covering looks like a big game changer compared to the Zoo. We'll see what happens as to if it give some sun relief or if it just holds the heat in. With the way it's made, it doesn't look like it would hold in the heat though (it's not solid all the way across, meaning it has areas for air to flow). But some Big Ass Fans would be a good add just to keep some air moving. It's just effing hot in Oklahoma in the summer. You need something so it's not a sweat box like the OU games.

For someone comparing this to the zoo, um...the zoo amphitheater is a grassy null that's really an afterthought. Why does this pile of turd even exist? Take it out once this new one opens, and the zoo has more land for, oh i dont know, animals! LOL. To me, it's taking this sort of thing to a more permanent and grown-up model.

Urbanized
12-14-2023, 08:43 AM
Went to a Dodgers game in September of 2000 when I was in LA attending an International Downtown Association conference and was SHOCKED at how chilly it got. I mean, I also spent part of a day at the beach in Santa Monica on that trip, where it was plenty warm enough to swim.

OkieHornet
12-14-2023, 01:42 PM
For someone comparing this to the zoo, um...the zoo amphitheater is a grassy null that's really an afterthought. Why does this pile of turd even exist?

The Zoo Amphitheater has a storied past and history!

"The Oklahoma City Zoo Amphitheater was the first and principal structure built in Oklahoma City by the civilian conservation corps. It was established to provide jobs for economic recovery during the depression and was constructed from Native Sandstone during 1935 and 1936, with workers camping near the park. The first performance was "The Circus of 21 Death-Defying Acts". Other events have included an Annual Easter Pageant, concerts, dance programs, plays, and public meetings. The Amphitheater fell into disrepair in the 1960's, but restoration efforts began in the late 1970's. The Zoo Amphitheatre has now evolved into Oklahoma City's premier live concert venue."

TheTravellers
12-14-2023, 02:02 PM
The Zoo Amphitheater has a storied past and history!

"The Oklahoma City Zoo Amphitheater was the first and principal structure built in Oklahoma City by the civilian conservation corps. It was established to provide jobs for economic recovery during the depression and was constructed from Native Sandstone during 1935 and 1936, with workers camping near the park. The first performance was "The Circus of 21 Death-Defying Acts". Other events have included an Annual Easter Pageant, concerts, dance programs, plays, and public meetings. The Amphitheater fell into disrepair in the 1960's, but restoration efforts began in the late 1970's. The Zoo Amphitheatre has now evolved into Oklahoma City's premier live concert venue."

That last sentence.....

warreng88
12-14-2023, 02:12 PM
For someone comparing this to the zoo, um...the zoo amphitheater is a grassy null that's really an afterthought. Why does this pile of turd even exist? Take it out once this new one opens, and the zoo has more land for, oh i dont know, animals! LOL. To me, it's taking this sort of thing to a more permanent and grown-up model.

Because it fills a niche in the concert market, I would guess that is about it. 8,000 people. Diamon Ballroom holds 2,500, the Criterion holds 3-3,500 and the Paycom holds at max, 20,000 (of performed in the round).

unfundedrick
12-14-2023, 10:12 PM
I saw a TV ad for this for the first time tonight for the first time. They may have been doing it for a while but it's a first for me.

Jersey Boss
12-14-2023, 10:14 PM
Because it fills a niche in the concert market, I would guess that is about it. 8,000 people. Diamon Ballroom holds 2,500, the Criterion holds 3-3,500 and the Paycom holds at max, 20,000 (of performed in the round).

I'm curious about concerts in the round at Paycom. Is it a significant number?

Pete
12-15-2023, 05:43 AM
I'm curious about concerts in the round at Paycom. Is it a significant number?

From the Paycom website:

Capacities

Concert (360°) – 16,591
Concert (270°) – 14,666
Concert (240°) – 13,486
Concert (180°) – 11,555
Concert (Theatre) – 3,613

bombermwc
12-15-2023, 07:53 AM
That last sentence.....
Right?

It's the only venue for that size....when you're the only one, you get the 1st place trophy by default. Not exactly a "win". I really hope this new venue is a success. On the surface, it looks like a whole game changer for the user experience. I'm sure the ticket prices will reflect that new experience.

Pete
01-02-2024, 10:02 AM
A friend told me that yesterday he saw a TV ad seeking investors for this project.

He also said Lieutenant Governor Matt Pinnell appeared and provided an endorsement.


Has anyone see this TV commercial?

warreng88
01-02-2024, 10:07 AM
A friend told me that yesterday he saw a TV ad seeking investors for this project.

He also said Lieutenant Governor Matt Pinnell appeared and provided an endorsement.


Has anyone see this TV commercial?

Yes, I saw it at the gym last week (I think). I think it was on channel 4.

Jersey Boss
01-02-2024, 10:16 AM
A friend told me that yesterday he saw a TV ad seeking investors for this project.

He also said Lieutenant Governor Matt Pinnell appeared and provided an endorsement.


Has anyone see this TV commercial?
Wasn't Pinnell one of the driving forces in approving the Swadley-State Parks fiasco?

DoctorTaco
01-02-2024, 10:28 AM
Wasn't Pinnell one of the driving forces in approving the Swadley-State Parks fiasco?

How is this not a scam? What kind of reputable development begs for investors like this? This feels like a multi-level marketing scheme more than an actual business endeavor.

dhpersonal
01-02-2024, 01:32 PM
Did it use pieces from their promotional video (https://vimeo.com/896340027/9e39d5f01d) on their website? (https://noteslive.vip/properties/okcsunset/)

Bellaboo
01-02-2024, 02:05 PM
A friend told me that yesterday he saw a TV ad seeking investors for this project.

He also said Lieutenant Governor Matt Pinnell appeared and provided an endorsement.


Has anyone see this TV commercial?

Several times.

chssooner
01-02-2024, 02:46 PM
How is this not a scam? What kind of reputable development begs for investors like this? This feels like a multi-level marketing scheme more than an actual business endeavor.

Because they have tangible results, and have developed quite a few projects. It's different than if they had no projects, no progress. But they are actively seeking approval of re-zoning, and while unconventional in their methods, they seem to have quite a few investors already.

I get that anything new seems like a scam, but that word is thrown around far too often.

HOT ROD
01-02-2024, 03:03 PM
couldn't have said it better.

jn1780
01-02-2024, 03:22 PM
Because they have tangible results, and have developed quite a few projects. It's different than if they had no projects, no progress. But they are actively seeking approval of re-zoning, and while unconventional in their methods, they seem to have quite a few investors already.

I get that anything new seems like a scam, but that word is thrown around far too often.

What are these tangible results you speak of? Notes Live is a new company with a whole new model of raising investors. Its like a timeshare, but for concert venue space. Most likely not a scam, but they wouldn't be the first company that had a "Great idea", but died early in life.

Anyone have a recent construction progress photo of the venue in Colorado Springs? Lets see if they can get one up and going for at least one year before talking about the other 10 planned.

Swake
01-02-2024, 05:05 PM
What are these tangible results you speak of? Notes Live is a new company with a whole new model of raising investors. Its like a timeshare, but for concert venue space. Most likely not a scam, but they wouldn't be the first company that had a "Great idea", but died early in life.

Anyone have a recent construction progress photo of the venue in Colorado Springs? Let's see if they can get one up and going for at least one year before talking about the other 10 planned.

Colorado Springs is on hold pending a noise lawsuit. This company has a couple of bars. Nothing at the scale of what they are planning in multiple cities all at once.

unfundedrick
01-02-2024, 10:08 PM
A friend told me that yesterday he saw a TV ad seeking investors for this project.

He also said Lieutenant Governor Matt Pinnell appeared and provided an endorsement.


Has anyone see this TV commercial?

I have seen the commercial several times but really took note the first time I saw Matt Pinnell in one of them. That certainly surprised me.

shavethewhales
01-03-2024, 08:22 AM
The whole thing is still undeniably very sketchy. They obviously have come a long way and put forth some serious proposals, but sometimes even good businesses fail and this doesn't appear to be that good of a business model. I think it's funny that jn1780 compared it to a timeshare company without missing a beat. That sure is what it feels like - a timeshare gambit that is even less desirable.

The whole crowdfunding thing seems like a slow moving logistical disaster at the very least. I still say the quality of the actual amphitheaters for actual guest enjoyment remains to be proven. Some of you will still need to reckon with the fact that this place is being designed around the suites and the rest of it is kind of an afterthought. Still could be decent... for country shows... but you might need to bring binoculars.

The thing is, the Boot Barn Hall concept that Notes Live has is actually pretty great, and I feel like that could be an awesome business model to continue. So many smaller markets would absolutely love to have a smaller venue for local/country/smaller acts to come through and put on good quality shows. Pair that with their restaurant concept that looks passable and I don't understand why they aren't copy-pasting THAT. The reviews for the Gainsville property look great and from the outside it looks like they stay busy? I kind of feel like that was the original concept and then the MBA bros took over...

HOT ROD
01-03-2024, 06:19 PM
well, let's hope that they get it right in OKC and we can finally have something worthy as opposed to continually slamming them for being "shady". ...

Most of these comments seem beyond constructive IMO. Why not let it play out and give constructive commentary on the design, location, ect rather than every comment about them being shady. Do we want development? or not?

roci28
01-03-2024, 06:37 PM
Exactly! ����

_Cramer_
01-04-2024, 09:59 AM
A friend told me that yesterday he saw a TV ad seeking investors for this project.

He also said Lieutenant Governor Matt Pinnell appeared and provided an endorsement.


Has anyone see this TV commercial?

Literally saw it this morning. My version did not have Lt. Gov. promoting, but did have a former Dallas Cowboys player.
Site with more information and to invest is: https://noteslive.vip/sunsetoklahoma/

lazy_investor
01-11-2024, 03:58 PM
To clarify some previous questions about the ROI for the fire pit suite investments -- Per the private placement memorandum (PPM*), there are two components used to calculate the blended target annual return "up to 19%".

1. Distribution of base rents: This cash return is based on ticket sales is estimated to range from 4.8% to 5.3% depending on the investment tier (2-person owner suite, 4-person fire pit suite, or 8/10-person fire pit suite). The total “rent” paid to the collective investors is calculated as $7 per ticket sold and is distributed to investors on a monthly basis. The base calculation assumes 11,112 tickets sold per event.

2. Suite ticket resale: Owners can generate additional revenue by reselling their unused tickets either directly or through the Notes Live resale platform. Direct sales are assumed to transact at the face value of $147 per ticket, while the NL resale platform charges a fee equal to 50% of the ticket sale price. The total annual return for ticket resale could range from $0 to $44,100 depending on the number of tickets resold and whether the sales are direct or through the NL resale platform. If an investor were to resell all of their tickets to the projected 60 concerts annually, the ROI would range from ~7% using the NL resale platform to ~14% by reselling their tickets directly (ROI varies slightly depending on investment amount).

Investors will also receive their pro-rata share of allocated depreciation on an annual basis. This effectively allows the investor to write-off their investment over a 7-10 year period depending on their investment and tax circumstances.

*Note - These figures are from the Sunset Amphitheater at Broken Arrow PPM, but the advertised returns are the same for both the OKC & BA venues.

onthestrip
01-12-2024, 12:13 PM
To clarify some previous questions about the ROI for the fire pit suite investments -- Per the private placement memorandum (PPM*), there are two components used to calculate the blended target annual return "up to 19%".

1. Distribution of base rents: This cash return is based on ticket sales is estimated to range from 4.8% to 5.3% depending on the investment tier (2-person owner suite, 4-person fire pit suite, or 8/10-person fire pit suite). The total “rent” paid to the collective investors is calculated as $7 per ticket sold and is distributed to investors on a monthly basis. The base calculation assumes 11,112 tickets sold per event.

2. Suite ticket resale: Owners can generate additional revenue by reselling their unused tickets either directly or through the Notes Live resale platform. Direct sales are assumed to transact at the face value of $147 per ticket, while the NL resale platform charges a fee equal to 50% of the ticket sale price. The total annual return for ticket resale could range from $0 to $44,100 depending on the number of tickets resold and whether the sales are direct or through the NL resale platform. If an investor were to resell all of their tickets to the projected 60 concerts annually, the ROI would range from ~7% using the NL resale platform to ~14% by reselling their tickets directly (ROI varies slightly depending on investment amount).

Investors will also receive their pro-rata share of allocated depreciation on an annual basis. This effectively allows the investor to write-off their investment over a 7-10 year period depending on their investment and tax circumstances.

*Note - These figures are from the Sunset Amphitheater at Broken Arrow PPM, but the advertised returns are the same for both the OKC & BA venues.

60 events per year that average 11,112 sold tickets per event at an average of $147 per ticket. What a very optimistic assumption. Almost downright unbelievable.