Royal Farms Arena

Black-Owned Bank to Finance Redesign of Baltimore Arena

Retrieved on: 
Thursday, June 9, 2022
Banking, Entertainment, Sports, Professional Services, General Sports, Philanthropy, Other Construction & Property, Construction & Property, General Entertainment, Urban Planning, Finance, Other Philanthropy, FDIC, MBE, Sport, Income, Oak View Group, The Theory of Business Enterprise, MDI, Minority business enterprise, State, Tier 1, Royal Farms Arena, OVG, Small business, WBE, Truist Financial, Black-owned businesses, Foundation, Fund, Bank, Black

The National Black Bank Foundation (NBBF) announced Thursday that a Baltimore-based Black-owned bank is participating in the multi-million dollar syndicated loan to reimagine the iconic Baltimore Arena into a world-class sports and entertainment venue.

Key Points: 
  • The National Black Bank Foundation (NBBF) announced Thursday that a Baltimore-based Black-owned bank is participating in the multi-million dollar syndicated loan to reimagine the iconic Baltimore Arena into a world-class sports and entertainment venue.
  • Harbor Bank of Maryland , an FDIC-designated Minority Depository Institution (MDI) and State of Maryland chartered commercial bank that has provided capital to the Greater Baltimore Market since 1982, will provide financing alongside syndicate leader Truist Bank to Oak View Group (OVG) for its historic renovation of the Arena.
  • As a local bank headquartered steps away from the Arena, we are delighted to participate in this transaction and appreciate the importance of continued targeted investment in downtown Baltimore, John Lewis, President, the Harbor Bank of Maryland, said.
  • The newly-refreshed Arena will allow Baltimore to compete for more events, driving significant economic activity for the local economy.

Acrisure and Oak View Group Announce 10-year Naming Rights for Coachella Valley Arena

Retrieved on: 
Thursday, January 27, 2022
Commercial Building & Real Estate, Construction & Property, Other Entertainment, Finance, Marketing, Communications, Professional Services, Entertainment, Kraken, American, Arm, 16 Cook Street, Music, Perpetual Real Estate Services, Inc. v. Michaelson Properties, Inc., Entrepreneurship, Heart, Marketing, Acquisition, Entertainment district, VIP, Seattle Center, News, Royal Farms Arena, OVG, Moody Center, Science and technology in Asia, Collection, Growth, Company, Sport, CEO, Seattle Kraken, Name, Awareness, Live Nation Entertainment, Industry, Suite, Paulo, Twitter, AHL, Asset management, Instagram, LinkedIn, Technology, Oak View Group, Seattle, Autumn, Multimedia, Element, Edinburgh Global Partnerships, UBS Arena, Climate Pledge Arena, Battle of I-10, Hockey, American Hockey League, Renewable energy, Nightclub, Spectra, Facebook, Insurance, Pollstar, Coachella Valley, Acrisure, Oak View Group (OVG), Acrisure Arena, the Coachella Valley Firebirds, ACRISURE, OAK VIEW GROUP (OVG), ACRISURE ARENA, THE COACHELLA VALLEY FIREBIRDS

"The Acrisure Arena reflects our commitment to raising awareness of the multiple financial solutions were proud to offer our customers.

Key Points: 
  • "The Acrisure Arena reflects our commitment to raising awareness of the multiple financial solutions were proud to offer our customers.
  • We are proud to announce our naming rights agreement with Acrisure, said Tim Leiweke, CEO of Oak View Group and leader of the arena project.
  • Acrisure and Oak View Group are dedicated to using this platform to improve the lives of everyone in the Coachella Valley.
  • The Acrisure Arena is a $250+ million project that is being 100% privately funded through outstanding partners Oak View Group, Seattle Kraken, and Live Nation.