AEG has stepped up its position in San Diego, CA as AEG Facilities, Inc. has entered into a joint venture with Arena Group 2000, L.P. to partner on the management, booking and operations of the San Diego Sports Arena, a city owned, 35-year old facility. The pact calls for the two organizations to partner in the creation of a new entity, which will equally share control and responsibility of the existing operating sublease for the arena which runs thru 2018.
In San Diego, AEG already books Qualcomm Stadium, 4th & B, the San Diego Sports Arena, Valley View Casino and the Poway Center for the Performing Arts (POW!).
The San Diego Sports Arena is San Diego’s largest indoor arena that hosts in excess of 125 events each year. It is the home to Kobey’s Swap Meet every Friday through Sunday and was host to more than 35 concerts in 2007. The Sports Arena was ranked fifth in the world by Venues Today and Billboard magazine for arenas with 10,000-15,000 seats in 2007, based on gross ticket sales for the facility.
“We are extremely excited to be associated with the premiere building in one of the largest markets in the nation and a city with a great reputation for supporting sports and entertainment throughout the years,” said Bob Newman, chief operating officer, AEG Facilities, in a statement. “The Sa n Diego Sports Arena truly is one of the nation’s most versatile venues with a history of attracting truly an iconic roster of events. We look forward to working with Ernie and his team to continue building on this foundation.”
Last Updated on September 11, 2008 by By Bob Grossweiner & Jane Cohen