Sunset Amphitheater

[Jersey Boss]

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]

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]

Did it use pieces from their promotional video on their website?

[Bellaboo]

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]

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]

couldn't have said it better.

[jn1780]

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]

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]

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]

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]

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]

Exactly! ����

[_Cramer_]

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]

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]

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.

[TheTravellers]

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.

Yeah, pretty much no ****ing way that will ever happen.

[Jersey Boss]

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.

"Fairy tales can come true, they can happen to me, they can happen to you".

[Timshel]

Lots of eyebrow raising instances while looking through their marketing materials. - Signed, a securities attorney that specializes in laws and regulations surrounding the marketing of securities offerings.

[Swake]

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.

The BOK Center last year ranked as the number 26th large concert venue in the US and 36th in the world with 415,000 tickets sold. Each of these Sunset Amphitheaters are going sell 50% more tickets than the BOK? They are all going to be in the ~20 venues in the world? What?

https://tulsaworld.com/life-entertai...d243cbe58.html

[bombermwc]

Well if you're promoting well (and dont try to have winter events) then you can push events in and out of these places like a conveyer belt. Not nearly the overhead of an arena, but also not the same capacity. It's a different group of events though as well. Top 20, no I dont think so either. But compared to the crap that is the Zoo Amphitheatre, I do think we're going to be surprised at the number of events (and what they are) with these places. And I'm also gonna bet that whatever OKC gets, Tulsa will also get....and vice versa.

[shavethewhales]

^You can certainly push events in and out, but will 11,000 people show up for each one? A lot of the random events and shows at other events are sparsely attended. They often only make money on the days with bigger performers - and like others are pointing out, most larger indoor venues would have trouble putting up the numbers they are projecting. Would you guys be excited to go to an ampitheatre show in the current weather? Firepits and awnings only go so far.

Plus you have to consider the competition aspect. There's room in the market for this, but they will still have to compete with Paycom, Criterion, the Zoo, Dallas, and Tulsa. There aren't that many big acts to go around between all these places. I mean, not at the 11,000+ tickets level, and the indoor arenas are probably their first pick.

Ultimately the numbers they are putting out are nonsense. The investors will probably lose on this investment, but at least they'll get plenty of concert tickets and the overall business will succeed.

[lazy_investor]

The $147 ticket price appears to apply to the fire pit suites only. With annual ticket revenue projected at ~$30.6M (per pro forma income statement), the average ticket price for all tickets would only be ~$46 at estimated attendance levels. I agree the attendance projection is optimistic, but the average ticket price seems reasonable.

[lazy_investor]

Detailed seating chart (BA):
https://imgur.com/peVPg5I

Seating chart legend (BA):
https://imgur.com/ncS9Vmb

[bombermwc]

^You can certainly push events in and out, but will 11,000 people show up for each one? A lot of the random events and shows at other events are sparsely attended. They often only make money on the days with bigger performers - and like others are pointing out, most larger indoor venues would have trouble putting up the numbers they are projecting. Would you guys be excited to go to an ampitheatre show in the current weather? Firepits and awnings only go so far.

Plus you have to consider the competition aspect. There's room in the market for this, but they will still have to compete with Paycom, Criterion, the Zoo, Dallas, and Tulsa. There aren't that many big acts to go around between all these places. I mean, not at the 11,000+ tickets level, and the indoor arenas are probably their first pick.

Ultimately the numbers they are putting out are nonsense. The investors will probably lose on this investment, but at least they'll get plenty of concert tickets and the overall business will succeed.

This is all speculation by me, so take it for what it's worth.....

I dont think the Zoo will keep the amphitheater. I've always felt bad that we have something that loud, that near the animals too. It's really a weird thing to have on zoo grounds. And it's a complete and total pile.

No, i dont think they will have 11k people for every event, and for that reason, i dont think arenas are what they are going to compete with. You are not going to find a Taylor Swift concert at this venue. But you may see more folks that may have previously hit the large casino market or just that level down from the big arena players. Personally, i see this as for tier 2 acts in the concert world. Maybe a Diamond Ballroom competitor or some of that and a bit larger. I'm thinking with the general admission folks being more in the 20-30 per person, maybe 50 since it's new. It wont be as cheap as the zoo because, well for one thing, you get an actual seat and dont have to bring yours with you LOL.

[warreng88]

Look no further than Walmart AMP in Rogers, AR for the type if shows this will be getting. Hozier, Greta Van Fleet, Parker McCollum, HARDY, Hootie and the Blowfish, Styx/Foreigner, NKOTB, 3rd Eye Blind, Sammy Hagar, Creed, Melissa Etheridge. The capacity at Walmart AMP is 10,500.

Frost Bank Center in San Antonio is another good comparison with 11,700. Bret Kreischer, Drake, Wynona Judd, Oak Ridge Boys, Cheap Trick, Randy Rogers Band, Chris Young, Big and Rich, Tom Segura, Jim Gaffigan and Blink 182, just to name a few.