Venu Holding announced that it has identified more than $150 million in Commercial Property Assessed Clean Energy (C-PACE) financing to complete construction of two new amphitheaters. The non-dilutive financing was arranged by CBRE Group and is expected to close in the coming weeks, subject to customary closing conditions.
The financing is expected to fully fund the remaining construction costs for the Regent Bank Amphitheater in Broken Arrow, Oklahoma, which is scheduled to open in fall 2026, and the Sunset Amphitheater in McKinney, Texas, which is expected to open in the first quarter of 2027.
C-PACE financing provides long-term, fixed-rate capital secured through a property tax assessment tied to qualifying building improvements. According to VENU, the structure enables the company to raise institutional-scale capital without issuing additional equity, making it a non-dilutive source of funding.
The financing is part of VENU’s broader capital strategy, which combines structured financing with revenue generated through the pre-sale of its Luxe FireSuites and Aikman Clubs ownership programs, along with public-private partnerships designed to support municipal economic development. The company said this diversified approach is helping fund its nationwide expansion of premium live entertainment destinations.
Support: CBRE Capital Markets’ Debt & Structured Finance team, led by Jeff Black, represented VENU in arranging the financing.
KEY QUOTES:
“This is the value of building free and clear. Because our buildings and properties are owned, not leveraged, institutional capital wants a stake in what we’re building. At the end of the day, our ownership model is the secret sauce: it’s what keeps our properties unencumbered and gives us the opportunity to seek creative ways to fund our growth. This is an extraordinary moment for us and something we have been working towards from day one!”
J.W. Roth, Founder, Chairman, and CEO of Venu Holding Corporation
