Grand Rapids Amphitheater Valued at $116 Million Moving Forward
If you live in the Grand Rapids area or are familiar with this beautiful city, then be prepared to see a new $116 million amphitheater project moving forward in the foreseeable future.
According to mlive.com:
The Grand Rapids Kent County Convention/Arena Authority, the public authority that oversees Van Andel Arena, DeVos Place and DeVos performance Hall, is seeking approval to purchase 11.6 acres of cirty-owned land at 201 Market Ave. SW for $24.3 million, according to a memo from Grand Rapids Deputy City Manager Eric DeLong.
This sounds absolutely fantastic. The Grand Rapids area is such a nice part of Michigan and this adds yet another great reason to enjoy more entertainment in our Great Lakes State.
This is not quite a done deal even though the Kent County Board of Commissioners signed off on this recently.
Once this request goes through the proper channels and everyone approves, then we'll start looking forward to what should be an incredible Grand Rapids amphitheater.
This is going to be a major project which is going to cost millions to get it all up and running.
The amphitheater project would be paid for by $81 million in donor, state and private investment, the memo says. The CAA would chip in $15 million "in property resale," and the Grand Rapids Downtown Development Authority or the Grand Rapids Brownfield Authority would borrow $20 million to finance the project.
This will be a major project and it's planned for 201 Market Ave. SW and the surrounding property.
This is going to be amazing once it's approved and starts to be built. Once the amphitheater is up and running, I'm sure the Grand Rapids area will bring in great talented musicians and more to entertain thousands of Michiganders.
Can't wait for the big plans to unfold in downtown Grand Rapids.
Mlive.com tells us:
In addition to the amphitheater, plans for the area-unveiled last year by Grand Action-called for an adventure park with a zipline, kayak launch sites and greenspace. The area could also accommodate housing towers with up to 1,750 apartments with ground floor retail space.