I should have mentioned the ad was for both OKC and Tulsa.

Thanks for the clarification, that does make a lot more sense.

Just saw a TV commercial, the one with Matt Pinnell.

Note in the first rendering, there is now a huge embankment at the back (west side) of the facility. There have been so many versions not sure if this represents the final plan.

Pinnell's quote: "Truly a game-changer for the state. It's going to give us the opportunity to show off Oklahoma to the world."

HTTP://www.okctalk.com/images/pete/sunset012824a.jpg


HTTP://www.okctalk.com/images/pete/sunset012824b.jpg


HTTP://www.okctalk.com/images/pete/sunset012824c.jpg

That ad has been running on TV for several weeks and I also did a double take when I saw him on it the first time. It has been talked about here previously.

I'm hoping when (or if) construction on this gets started, it'll spark more development of MCC. I've been in the area for 2 years now and all that has been built is a Starbucks. I figured there'd be a lot more activity on that site by now.

Not sure if anyone's mentioned it yet but there's already a nice tunnel under the turnpike built out with lights and everything on the northwest side of the amphitheater site. It's like it was planned out for this.

It seems so bizarre to have a government official endorsing an OKC amphitheater when the same company has plans to build a very similar one in Broken Arrow.

It's very carefully constructed, in that it's mostly a solicitation for investment, but Pinnell's statements are limited to endorsing the projects' potential impact on Oklahoma in general.

It seems so bizarre to have a government official endorsing an OKC amphitheater when the same company has plans to build a very similar one in Broken Arrow.

Makes sense. Easier to book groups to multiple similar venues in different cities. Do they have similar venues all over the country?

Makes sense. Easier to book groups to multiple similar venues in different cities. Do they have similar venues all over the country?

https://noteslive.vip/properties/ they are working on it ..


also Live Nation is going to operate the Broken arrow location

https://noteslive.vip/properties/ they are working on it ..


also Live Nation is going to operate the Broken arrow location

I'm sure they will operate this one, as well. If not, it will be a gigantic waste of space and money. Kinda like the Zoo Amp 8 months a year. Most amphitheaters have 10 to 12 shows already announced. Not our good ol Zoo Amp. They sit with 0.

Live Nation books like, 80% of the amphitheater tours over the summer. If not more. If OKC can't get them to run it, then don't build it.

I'm sure they will operate this one, as well. If not, it will be a gigantic waste of space and money. Kinda like the Zoo Amp 8 months a year. Most amphitheaters have 10 to 12 shows already announced. Not our good ol Zoo Amp. They sit with 0.

Live Nation books like, 80% of the amphitheater tours over the summer. If not more. If OKC can't get them to run it, then don't build it.

the zoo amp by contract is only allowed to have a limited amount of shows a year ..

the zoo amp by contract is only allowed to have a limited amount of shows a year ..

Didn't know that. So even more reason to build one. That handicap hurts OKC so much. People have to travel to Rogers or Dallas in the summer for these tours, which takes money out of OKC to other states. Amazing how no one has tried building one before.

Looking at the 2024 Walmart AMP schedule, more than half those bands have played in Oklahoma City, some multiple times, and most of those within the last 2-3 years.

Maybe not at an amphitheater ( I think NEEDTOBREATHE and Whiskey Myers played at the zoo ). but between the Criterion, Paycom, Zoo, and maybe Riverwind, people don't have to go to other states to see these types of tours. Of course, sometimes, for some shows, they may have to, but that's just because not every tour comes to Oklahoma City every time they tour. And, of course, there are tours that come to OKC that don't play in Rogers in a given year.

As for Dallas getting more shows, there's obviously a lot more to that than not having a 10k capacity outdoor venue.

Again, a nice amphitheater being added to the metro area would be great, but I doubt it would mean that every act that goes to Dallas or even Rogers is now coming to OKC or that you get to see Creed in OKC every time they tour. That's just more of a function of market size and demographics than it is the lack of a 10k outdoor venue.

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.
My wife and I along with our financial advisor have been talking to these folks about the possibility of buying the 'B' level. I just have a little problem with their calculations. They keep saying that if a band like the Eagles or Rolling Stones plays, we could sell our tickets. For those who don't know; when you buy a suite you get tickets to every show forever for free. So that would mean you would get 8 tickets they will sell for you if you chose to sell. So they are telling me that if the Stones perform there we could sell the tickets for upwards of $600 each. My problem with that assumption is the Stones would most likely play the new arena with potentially 7000 more seats to sell. The same is true of The Eagles. They kept tossing out names of big musical acts that sell out arenas and if they played an outdoor venue it would be more like Glastonbury with over 200,000 people in attendance. It would be cool to have my own suite and tickets to every show but right now I'm thinking I will pass unless they can show us some more realistic numbers. I don't want to wait 15 years to break even.

My wife and I along with our financial advisor have been talking to these folks about the possibility of buying the 'B' level. I just have a little problem with their calculations. They keep saying that if a band like the Eagles or Rolling Stones plays, we could sell our tickets. For those who don't know; when you buy a suite you get tickets to every show forever for free. So that would mean you would get 8 tickets they will sell for you if you chose to sell. So they are telling me that if the Stones perform there we could sell the tickets for upwards of $600 each. My problem with that assumption is the Stones would most likely play the new arena with potentially 7000 more seats to sell. The same is true of The Eagles. They kept tossing out names of big musical acts that sell out arenas and if they played an outdoor venue it would be more like Glastonbury with over 200,000 people in attendance. It would be cool to have my own suite and tickets to every show but right now I'm thinking I will pass unless they can show us some more realistic numbers. I don't want to wait 15 years to break even.

This an innocent question- If the developer goes bankrupt and all their equity is washed out, how is your equity structured and protected? If they get wiped out do you get wiped out also?

This an innocent question- If the developer goes bankrupt and all their equity is washed out, how is your equity structured and protected? If they get wiped out do you get wiped out also?

If there is bankruptcy, the court appoints a receiver who does his or her best to right the ship and minimize the impact to investors. There are all variations of bankruptcy and it's not nearly as simple as that, but that is the gist.

But the reality is if it gets to that point, investors are lucky to get pennies on the dollar.


And mentioning the Rolling Stones to puff up your projections? That's highly disingenuous since they only play stadiums these days.

I think you would be lucky to have an act come through where you could sell your tickets for 100 dollars each. $600? Yeah right.

I think you would be lucky to have an act come through where you could sell your tickets for 100 dollars each. $600? Yeah right.

face value for most concerts is 100 or more .. these days

I'm sure they will operate this one, as well. If not, it will be a gigantic waste of space and money. Kinda like the Zoo Amp 8 months a year. Most amphitheaters have 10 to 12 shows already announced. Not our good ol Zoo Amp. They sit with 0.

Live Nation books like, 80% of the amphitheater tours over the summer. If not more. If OKC can't get them to run it, then don't build it.

Ever since the zoo Ampitheater pushed out long time promoter Intervisions the shows have gotten fewer and quality worse. The previous promoter did shows there for over 25 years and was pushed out in a back room deal where all the great promises were made to improve the venue. The did put money into the venue but were not so good at bringing in shows like Intervisions.

Ever since the zoo Ampitheater pushed out long time promoter Intervisions the shows have gotten fewer and quality worse. The previous promoter did shows there for over 25 years and was pushed out in a back room deal where all the great promises were made to improve the venue. The did put money into the venue but were not so good at bringing in shows like Intervisions.

again having less and less shows at zoo amp is intentional from the powers that be ...

face value for most concerts is 100 or more .. these days

Yeah, and the same is true of comedy acts. Jay Leno tickets at Riverwind are $85-90 for the cheaper seats. I don't know what the center section and VIP were selling for. Tickets to see Drake are selling for $120-$395 so the bigger acts can definitely charge more but again my issue is how are they going to draw the big acts. I know the promoter Max Baker, he's the one who actually brings the Stones to town so I need to hit him up.

The mere mention of the Eagles or Stones playing this venue is another red flag. What a joke that they mention those bands as if they'd ever play there.

There isn't one piece of me, even with the mention on here, that believes any single person within that company has EVER mentioned the Stones playing there. Eagles, sure. But not the Stones. I know people on here want to believe anything negative about this project and the company behind it, but that is too unbelievable, even for the skeptics on here.

I mean, it's basically a jailable offense, fraud on that kind of blatant level. And if it goes over the internet or through the mail, you're talking wire fraud. So I doubt any bands of that size have been mentioned by the company themselves.

Here's who is playing Walmart Amp that has been announced:

Hozier, Riley Green, Greta Van Fleet, Needtobreathe, Parker McCollum, Brooks and Dunn, Whiskey Myers, HARDY, Hootie and the Blowfish, Styx/Foreigner, NKOTB/Paula Abdul, Pixies/Modest Mouse, Sarah McLachlan, Doobie Brothers, Tate McRae, Third Eye Blind/Yellowcard, Lainey Wilson, Sammy Hagar/Loverboy, Creed/Daughtry/Finger Eleven, Alice Cooper/Rob Zombie and Melissa Etheridge/Jewel.

Out of all of those, nine of them are playing the Dos Equis Pavilion in Dallas that is about 7,000 people larger.

There isn't one piece of me, even with the mention on here, that believes any single person within that company has EVER mentioned the Stones playing there. Eagles, sure. But not the Stones. I know people on here want to believe anything negative about this project and the company behind it, but that is too unbelievable, even for the skeptics on here.

I mean, it's basically a jailable offense, fraud on that kind of blatant level. And if it goes over the internet or through the mail, you're talking wire fraud. So I doubt any bands of that size have been mentioned by the company themselves.

That's what the poster said and they were actively considering it. Could they be lying? Sure, but this site isn't twitter or Facebook. I wouldn't find it shocking for a salesperson to say something like that.

Looks like Walmart Amp and Dos Equis have announced 24 and 21 events, respectively, so far.

There will certainly be more added, but that's way short of the 60 events supposedly being sold to investors for Notes Live venues.

They certainly can get up to that number with film, cultural, and other smaller events, but I would imagine that would affect the 11k+ tickets sold per event at $147 per ticket on average.

Looks like Walmart Amp and Dos Equis have announced 24 and 21 events, respectively, so far.

There will certainly be more added, but that's way short of the 60 events supposedly being sold to investors for Notes Live venues.

They certainly can get up to that number with film, cultural, and other smaller events, but I would imagine that would affect the 11k+ tickets sold per event at $147 per ticket on average.

But way more than the 0 events our current amphitheater has announced...which is a pathetic look for the city.

There isn't one piece of me, even with the mention on here, that believes any single person within that company has EVER mentioned the Stones playing there. Eagles, sure. But not the Stones. I know people on here want to believe anything negative about this project and the company behind it, but that is too unbelievable, even for the skeptics on here.

I mean, it's basically a jailable offense, fraud on that kind of blatant level. And if it goes over the internet or through the mail, you're talking wire fraud. So I doubt any bands of that size have been mentioned by the company themselves.

I have no problem with the statement attributed to the developer. I read it to say "if" the Rolling Stones or Eagles were to play the amphitheater. And if they did play there the statement would be true. And stranger things happen in the music business every day.

I have no problem with the statement attributed to the developer. I read it to say "if" the Rolling Stones or Eagles were to play the amphitheater. And if they did play there the statement would be true. And stranger things happen in the music business every day.

Fair enough. But I still don't think it was intending to make it seem they expect to bring in the Stones.

But way more than the 0 events our current amphitheater has announced...which is a pathetic look for the city.

The unique nature of the zoo amphitheater has been discussed before, so I'm sure you understand that now. Don't know why that haven't announced any 2024 shows, but they have had 9-10 shows on par with, and even some of the same shows, as the Walmart amphitheater, the last few years running. It just is what it is.

This does seem like a decent proposal and probably will help with the outdoor concert slate in OKC and maybe even help the Zoo move on from the amphitheater entirely. What was being discussed is the apparent claims and projections the sales team is using to entice investors. These claims would place these venues above many venues in much much bigger markets. So, myself and other have only been providing perspective to these grandiose ambitions. No one's going to complain if they actually pull it off.

As far was how the city "looks", I think what's far more reflective of where the city and its entertainment industry is that there are several active venues of varying size with unique-to-them characteristics that position them for certain types of shows and tours. I don't know if you just count shows at the zoo vs walmart each season, but there are a lot of places to see shows in OKC and some of them have even hosted bands that also played amphitheaters on the same tour. It happens.

Since a lot of tours that include outdoor venues have been announced for 2024, maybe someone could figure out what 60 shows would be at the venues this year, in addition to what's already been booked at other venues in those markets.

There seem to be two clear camps regarding this project:

1. People who think this it's never going to happen or think it may happen but worry about it collapsing spectacularly and the impact to investors or even having a White Elephant on our hands;
- or -
2. People who are really pulling for it to happen because they are never going to invest a dime, so why not? Might be some nice concerts and otherwise don't care.


There seems to be almost no one in this group: 3. Planning to invest and really confident in the developers and their projections.

The unique nature of the zoo amphitheater has been discussed before, so I'm sure you understand that now. Don't know why that haven't announced any 2024 shows, but they have had 9-10 shows on par with, and even some of the same shows, as the Walmart amphitheater, the last few years running. It just is what it is.

This does seem like a decent proposal and probably will help with the outdoor concert slate in OKC and maybe even help the Zoo move on from the amphitheater entirely. What was being discussed is the apparent claims and projections the sales team is using to entice investors. These claims would place these venues above many venues in much much bigger markets. So, myself and other have only been providing perspective to these grandiose ambitions. No one's going to complain if they actually pull it off.

As far was how the city "looks", I think what's far more reflective of where the city and its entertainment industry is that there are several active venues of varying size with unique-to-them characteristics that position them for certain types of shows and tours. I don't know if you just count shows at the zoo vs walmart each season, but there are a lot of places to see shows in OKC and some of them have even hosted bands that also played amphitheaters on the same tour. It happens.

Since a lot of tours that include outdoor venues have been announced for 2024, maybe someone could figure out what 60 shows would be at the venues this year, in addition to what's already been booked at other venues in those markets.

I get that the Zoo can only hold a certain amount of shows. But it is seeming very low right now, more than normal. A lot of the big rock festival tours have already been announced, and are not coming here. So they are getting smaller and smaller shows, as well.

OKC has needed a replacement for a long, LONG time!

There seem to be two clear camps regarding this project:

1. People who think this it's never going to happen or think it may happen but worry about it collapsing spectacularly and the impact to investors or even having a White Elephant on our hands;
- or -
2. People who are really pulling for it to happen because they are never going to invest a dime, so why not? Might be some nice concerts and otherwise don't care.


There seems to be almost no one in this group: 3. Planning to invest and really confident in the developers and their projections.

It is wild to me that we haven't had any sort of investigative journalism into Notes Live, especially now that our Lieutenant Governor is appearing in some of their advertisements. Maybe someone is currently working on an article. I certainly wouldn't expect the Oklahoman to do anything with how many ads they've been running for this place, but you'd think this would be right in the wheelhouse of NonDoc or The Frontier.

I mean. I was in Group 2 at the initial announcement, and a small part of me still is, because a city of our size really does need a better amphitheater that has a LiveNation affiliation and books shows more frequently than the Zoo. But, how anyone could look at their website and not have massive alarm bells ringing is beyond me. Which, on that note, the below link finally has information about how much it will cost to purchase a suite, so it's worth a click just to have a laugh at what they're asking.

https://noteslive.vip/properties/okcsunset/

I don't think there is anything nefarious going on. The investment model just doesn't seem that great. You don't know what the final product will be other than its "music". There asking investors to back them with little previous background other than a couple bars. I wouldn't want to invest my money or be the guinea pig anyway.

So why are people skeptical?
Isn’t Notes Live about to go public? Haven’t they opened other venues already?

They are actually advertising their upcoming IPO on TV in Denver and inviting accredited investors to inquire.

So why are people skeptical?
Isn’t Notes Live about to go public? Haven’t they opened other venues already?

They have a couple of bars where bands play. No where near to this scale.

I do see they have announced OneRepublic and Beachboys as their first two acts for the Colorado Springs location. How well that one does will set the the tone for the other locations.

I get that the Zoo can only hold a certain amount of shows. But it is seeming very low right now, more than normal. A lot of the big rock festival tours have already been announced, and are not coming here. So they are getting smaller and smaller shows, as well.

OKC has needed a replacement for a long, LONG time!

Agree. Not sure about the situation with Howard Pollack and how that went down. Really don't know the details at all. But it's fair to say that OKC is kind of an also-ran in the "shed circuit," to use an industry term.

Agree 100% that we need a more active outdoor venue for live shows. That should be obvious. Not sure that this proposal will come to pass and I'm skeptical about the marketing strategy, but I'm often skeptical about marketing strategies that turn out to be ridiculously successful. I've learned to second-guess myself.

In a gratuitous side note, my first concert memory from the Zoo Ampitheathre was in about 1983 or so. I saw the Gap Band there and it was glorious.

They are actually advertising their upcoming IPO on TV in Denver and inviting accredited investors to inquire.

LOL I don't know about you, but that seems like a strange way to introduce an IPO.

LOL I don't know about you, but that seems like a strange way to introduce an IPO.

Why?

LOL I don't know about you, but that seems like a strange way to introduce an IPO.

Well, they are a company trying really hard to get all their money upfront. Making grandiose claims at every opportunity they have. This is why the early success of Colorado Springs is important. If the actual product is crap, the money will quickly dry up.

It looks like the first concert at the Colorado Springs venue is August 9th, so it should be up and running soon -- well before the one in OKC is anywhere close.

That will not only provide real-life vs. renderings in terms of the facility, it will also test their ongoing booking savvy and somewhat prove the secondary market for the firepit suites.

And, it will have been operating at least a full season and maybe two before OKC, so there will be a decent amount of hard information.

"shed circuit" Had not heard that before. I like it.

I get that the Zoo can only hold a certain amount of shows. But it is seeming very low right now, more than normal. A lot of the big rock festival tours have already been announced, and are not coming here. So they are getting smaller and smaller shows, as well.

OKC has needed a replacement for a long, LONG time!

I don't think anyone is saying OKC wouldn't welcome an upgraded outdoor facility (although I'd much rather go to a 7k seat amphitheater than an 11k+ one any day. Those lawn seats can be brutal in larger amphitheaters). I just think the impact of not having one on the market as a whole is being overstated, as is what the impact of this development would be as stated by the developers. The 60 shows a year thing is what I can't get over. Some of the best amphitheaters in the country don't come close to that. Even Shoreline only lists 9 on their site right now. The Greek in LA has about 23. Only venue I know of that consistently books over 60 a season is Red Rocks, and that's in part because a lot of their acts play 2-3 night stands and people will go to Red Rocks regardless of who is playing.

Both of your examples, Dos Equis and Walmart, have less than 25 shows booked so far for 2024. And, as I pointed out, about half of those acts currently listed at WalMart have played in OKC in the last few years or are booked to play this year. NEEDTOBREATH played okc at the end of '21; Whiskey Myers and New Kids played in '22; Riley Green, HARDY, Brooks & Dunn, and Hozier all played in '23; Creed, Lainey Wilson, and Melissa Etheridge / Jewel are booked for 2024. That's not to mention the Pixies have played here multiple times, Third Eye Blind seems like a constant, and Modest Mouse has been here at least once. So, it's not like OKC doesn't get these type of acts.

So, good for them if they get it built. And if they can book half of what they're apparently promising their prospective investors, that'd be great for the city. Hopefully, they can do that without cannibalizing from the venues in the city too much.

As Pete pointed out, they'll at least have a track record in another market before they open here. So, it'll be a lot clearer what kind of volume they get and how much inventory they sell.

The band they have booked, OneRepublic is from Colorado Springs. The lead singer's father is one of the people behind Notes Live. He and his son are actually from Tulsa.
https://en.wikipedia.org/wiki/Ryan_Tedder

The two live music halls they do have open seem to just book crappy tribute bands over and over.

https://www.bootbarnhallco.com/?loxi_pathname=%2Flist%2Ffuture%2F1
https://bootbarnhallga.com/?loxi_pathname=%2Flist%2Ffuture%2F1

LOL I don't know about you, but that seems like a strange way to introduce an IPO.

IMO, it tells me they can't attract enough investor attention through the traditional methods so they are advertising it. I just think it comes off poorly.

I’d put the chance of this happening at the same odds as the Legends Tower

I’d put the chance of this happening at the same odds as the Legends Tower

That seems like a silly position - Two things can be unlikely but there is a huge difference in 1 in 50 and 1 in 50,000.

A $1B+ tower with a severely limited market vs. a <$100M ampitheater with a potentially decent quality market are completely different. I don't think this is at all a give me, but it's a fresh concept that, while unproven, could be a grand slam for several reasons.

The looming threat to this were they to prove success with other venues, in my mind, is that they have one planned in Broken Arrow as well. Unless both OKC and Broken Arrow get major interest, they likely pull the plug on the one that has less/"lower quality" early investors.

Its the "field of dreams" marketing strategy. "Build it and they will come" . This project has the most realistic chance of success though. The American Heartland theme park and tower seem like extreme long shots.

Its the "field of dreams" marketing strategy. "Build it and they will come" . This project has the most realistic chance of success though. The American Heartland theme park and tower seem like extreme long shots.

$100M is not a small chunk of change, which highlights how much of an ask those other 2 are at $1B+. Millions get invested haphazardly every day, sometimes even 10s of millions, but very seldom are billions invested haphazardly because the number of very serious stakeholders greatly increases at those amounts.

$100M is not a small chunk of change, which highlights how much of an ask those other 2 are at $1B+. Millions get invested haphazardly every day, sometimes even 10s of millions, but very seldom are billions invested haphazardly because the number of very serious stakeholders greatly increases at those amounts.

I think privately, they are just hoping to just keep momentum and hype going to get Colorado Springs booked with solid acts and hopefully the rest will follow.

I think privately, they are just hoping to just keep momentum and hype going to get Colorado Springs booked with solid acts and hopefully the rest will follow.

I think the model is actually really solid, and in some ways should be very scalable. It's not necessarily pie in the sky, but they're going to need to execute really well and have some things break their way.

If they actually get 3-5 of these off the ground in the next few years, they could definitely turn some heads across every market. It's basically turning a venue into a chain and that has never been done before.

hypothetical

Could the new all purpose soccer arena not serve this purpose ?

I think the model is actually really solid, and in some ways should be very scalable. It's not necessarily pie in the sky, but they're going to need to execute really well and have some things break their way.

If they actually get 3-5 of these off the ground in the next few years, they could definitely turn some heads across every market. It's basically turning a venue into a chain and that has never been done before.

House of Blues has done this, albeit at a smaller capacity level.

I found a Youtube video that breaks down the return on investment for the firepit suites.

https://www.youtube.com/watch?v=6bOv_rZ60t4

They are using 60 shows per year as their baseline. For comparison, Paycom Center (a completely enclosed venue) averages about 30 shows a year. Dos Equis Pavillion (amphitheater) in Dallas -- a much larger market and established venue -- averages about 40 shows per year.

They are also assuming you can sell all the tickets for each of the 60 shows at an average of $147 per seat.

So, for a $500K investment, using these numbers you would generate $70,560 a year which equates to a 14.1% annual return. Then, they don't show their numbers on "your portion of $7 for every ticket sold" for 'base rent' but their calculations add $26,593 per year (and you have to assume they are using the 60 show number in their projections), which brings you to 19.4% return.

I would assume you would have to report the ticket revenue and probably the base rent as income on your taxes.

But there is no way they are going to book 60 shows a year and also no way you could expect to sell every ticket to every one of those shows for an average of $147, especially if you had to do it for all 60 concerts; that's 480 tickets a year to sell.

And, they only show returns based on these projections, not a range from worst to best and then most likely, which is the standard for any business investment.

HTTP://www.okctalk.com/images/pete/sunset022224a.jpg

One thing about this in OKC: The best time for fire pits is either tornado season or football season.

Also, here is what they are selling in OKC for just the suites:

(6) 10-person fire pits suites @ $650K per = $3.9 million
(58) 8-person fire pit suites @ $500K per = $29.0 million
(138) 4-person fire pit suites @ $275K per = $37.95 million
(156) Owner's Club suites @ $62.5K per = $9.75 million

Total = $80.6 million

So, they say the entire project will cost $100 million and they will take in $80 million for less than 10% (about 1,232 seats) of the total capacity of 12,500.

It's the same deal in Broken Arrow but they are in line to get about $28 million in public incentives.

Pretty sweet deal for the developers -- no wonder they are pushing hard and spending so much money on advertising.

Also, here is what they are selling in OKC for just the suites:

(6) 10-person fire pits suites @ $650K per = $3.9 million
(58) 8-person fire pit suites @ $500K per = $29.0 million
(138) 4-person fire pit suites @ $275K per = $37.95 million
(156) Owner's Club suites @ $62.5K per = $9.75 million

Total = $80.6 million

So, they say the entire project will cost $100 million and they will take in $80 million for less than 10% (about 1,232 seats) of the total capacity of 12,500.

It's the same deal in Broken Arrow but they are in line to get about $28 million in public incentives.

Pretty sweet deal for the developers -- no wonder they are pushing hard and spending so much money on advertising.

I wonder if OKC will come in with incentives. An outdoor amphitheater is majorly needed in the Metro, and seeing the Tulsa area get one instead of OKC would be a blow to the concert scene in OKC for 8 months a year.

I wonder if OKC will come in with incentives. An outdoor amphitheater is majorly needed in the Metro, and seeing the Tulsa area get one instead of OKC would be a blow to the concert scene in OKC for 8 months a year.

That's another thing... BOTH the Mustang and Broken Arrow amphitheaters are going to average 60 shows a year, every year?

That is exactly what the Sunset pitch says in trying to sell these suites.

We already know that very few if any acts that will fill 12,500 seats are going to play both OKC and Tulsa, so that means they will need to book 120 unique acts every year (and within a 6-month window) in the state of Oklahoma. This entire thing seems completely implausible.

I wonder if OKC will come in with incentives. An outdoor amphitheater is majorly needed in the Metro, and seeing the Tulsa area get one instead of OKC would be a blow to the concert scene in OKC for 8 months a year.

If they gave realistic numbers to potential investors from the beginning then maybe OKC should have considered incentives. Now? Forget about it. I wouldn't worry too much about what happens in Tulsa. It would be even harder to find enough acts to fill their amphitheater up there.

We already know that very few if any acts that will fill 12,500 seats are going to play both OKC and Tulsa, so that means they will need to book 120 unique acts every year (and within a 6-month window) in the state of Oklahoma. This entire thing seems completely implausible.

I don't think 120 shows even exist at this scale most years, It's getting harder to get deeper rankings from Pollstar without paying for it, but I did find this from 2019 (https://touringdata.wordpress.com/2020/05/01/2019s-worldwide-year-end/). According to that data, of the top 100 tours in 2019, just 31 of them averaged between 9k and 13k. There's probably a lot of acts that would play both markets, but not every time / every year. This already happens between the two arenas, but the dates are often on opposite sides of the tour, or they flip cities on the next one.

But this is a big reason why, as you pointed out, most venues of this size don't average 60 shows a year, even in the biggest markets. There simply isn't the inventory. And even if these amphitheaters could manage to book 60 in a year, a good chunk of that would have to be siphoned from other established venues in the market. It would probably have to do that just to get to 40.