Venu Holding Plans $300M Sunset Amphitheater in Tennessee
Venu Holding announced it has entered into an agreement to purchase a 15 acre parcel of property for planned expansion into Tennessee where Venu is taking definitive steps towards the development of a landmark, next-generation, world-class amphitheater at the Bend in Chattanooga, to be named Sunset Amphitheater Chattanooga. That planned development is anticipated to represent $300M in total investment. Developed in partnership with Urban Story Ventures, the project will deliver an immersive, omni-content, multi-seasonal entertainment experience into one of the Southeast's fastest-growing markets and stands as one of the most significant entertainment and economic development initiatives in Chattanooga's history, Venu said. The venue will feature approximately 12,500 seats, making it one of the largest live entertainment venues in Tennessee, surpassing Ascend Amphitheater in Nashville. Featuring a canopied roof designed to function as both partially enclosed and open air, it will become Chattanooga's first multi-seasonal facility, fundamentally expanding the city's ability to attract major touring acts and large-scale events 365 days a year. "This is exactly the kind of strategic expansion opportunity our shareholders expect from us," said JW Roth, Founder, Chairman, and CEO of Venu Holding Corporation. "Chattanooga is a high-growth market with a proven appetite for live entertainment and a city leadership team that understands the economic power of what we are building together. We are grateful for the trust of this community and committed to delivering a destination that makes Chattanooga proud for generations to come."