IRVINE, Calif., Oct. 18, 2016 /PRNewswire/
-- FivePoint, in partnership with Live Nation
Entertainment (NYSE: LYV), the world's largest live entertainment
company, announced today a proposal to build a 12,000-seat outdoor
music amphitheater adjacent to the Orange County Great Park with
the objective of opening in time for the 2017 summer season.
FivePoint (on behalf of property owner, Heritage Fields El Toro,
LLC) is partnering with Live Nation on the interim amphitheater,
pending approval by the City of
Irvine. FivePoint has applied for a conditional use permit
with the City of Irvine to allow
Live Nation to design and build an interim venue on approximately
45 acres next to the Orange County Great Park in the heart of the
county. The interim venue would be located less than two miles from
Irvine Meadows Amphitheatre, the iconic outdoor venue that has
hosted hundreds of music's biggest artists and bands since it
opened in August 1981. Irvine Meadows will close permanently at the end
of this month and eventually will be replaced by apartment homes to
be built by the Irvine Company.
"Since the early 1980s, music lovers in Orange County and beyond have made Irvine
their summer home, coming to see some of the greatest musical
talents of all time," said Emile
Haddad, chairman and CEO, FivePoint, "We're determined to
keep this tradition alive by working with Live Nation to develop
the next-generation, outdoor music venue in Irvine. Music plays a major role in building
community. It brings people together and breaks down barriers.
Live, outdoor music is part of Orange
County's heritage and it is essential to its future."
As outlined in its permit application, FivePoint, on behalf of
Heritage Fields, will make available a portion of the private
property that borders the Orange County Great Park for the
construction and operation of an interim venue for up to three
years. Under this plan, Live Nation will design, construct and
operate the outdoor facility and adjacent parking for fans, as well
as concession and hospitality offerings with the goal of opening in
time for the 2017 summer season. FivePoint, working with Live
Nation and the City of Irvine,
hopes to secure the necessary permits for the proposed venue.
"Orange County has become a
major concert stop for touring musical acts and Live Nation is
committed to keeping the long tradition of live summer concerts
alive and growing in this region," said Bret Gallagher, president of Southern California
Live Nation. "We are excited about the opportunity to partner with
FivePoint and build the highest quality interim amphitheater venue
with all of the comforts and conveniences today's guests are
seeking."
The interim amphitheater is planned to be similar to the
America's Cup Pavilion in San
Francisco, an outdoor facility Live Nation built in summer
2013 near the waterfront for concerts during the international
sailing competition. The proposed Irvine facility will be located
on the former Marine Corps Air Station El Toro base. The actual
venue will be at the end of the southern runways at the former base
and walking distance from the Irvine Transportation Center, a major
mass transit hub for Metrolink passengers. Preliminary plans call
for the amphitheater seating to face the picturesque Santa Ana
Mountains and Saddleback Peak.
The City of Irvine's master
plan for the Great Park calls for an outdoor amphitheater in the
"cultural terrace" portion of the park on city land. However, city
officials have not made any final decisions about the mix of
amenities, which will ultimately be located there.
"Live outdoor music is so important culturally and economically
for Irvine and the region," said Irvine City Council member
Christina Shea. "Having a facility
of this size and quality in the heart of this city is a big win for
us and all of Orange County. I
want to thank FivePoint and Live Nation for partnering on this
project. I can't wait to see the interim amphitheater finished and
continue the important discussions about putting a permanent
amphitheater in the Great Park."
In August, a grassroots movement called "Save Live Music Irvine"
was formed to bring attention to Irvine
Meadows closing and build momentum for a new venue in
Irvine. So far, more than 30,000
fans have joined the campaign with many expressing their attraction
and connection with live music on a memory wall inside the historic
venue. A large sampling of those comments from fans was displayed
at the press conference announcing plans for a proposed interim
facility near the Great Park. Since the early 1980s, Irvine Meadows has featured hundreds of musical
acts of all genres, including rock, country, pop, R&B, hip-hop
and classical.
About FivePoint
Five Point Communities Management, Inc. is the development manager
for Heritage Fields El Toro, LLC, the owner of the private
development adjacent to the Orange County Great Park, commonly
known as Great Park Neighborhoods. Five Point Communities
Management, Inc. is a subsidiary of Five Point Holdings, LLC.
Spanning the state from Southern
California to the San Francisco
Bay Area, FivePoint is the largest owner and developer of
mixed-use, master planned communities in coastal California based on the total number of
residential home sites permitted under existing entitled zoning.
FivePoint, based in Aliso Viejo,
has major real estate holdings and developments in three of the
most dynamic and supply-constrained markets along the California coast: Orange County, Los
Angeles County and San Francisco
County. For additional information, visit
www.fivepoint.com.
About Live Nation Entertainment
Live Nation
Entertainment (NYSE: LYV) is the world's leading live
entertainment company comprised of global market leaders:
Ticketmaster, Live Nation Concerts, Live Nation Advertising &
Sponsorship and Artist Nation Management. For additional
information, visit www.livenationentertainment.com.
For More Information:
Steve Churm
Chief Communications Officer
FivePoint Holdings, LLC
949-349-1034 (o)
714-914-0611 (m)
steve.churm@fivepoint.com
Carrie Davis
Chief Communications Officer
Live Nation Entertainment
310-975-6941
carriedavis@livenation.com
Media Contact:
Ranggin Hedayat
Reveille, Inc.
949-394-1454
ranggin@reveilleinc.com
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SOURCE FivePoint