Promoters C3 Presents and Live Nation will oversee the entertainment operations of a new amphitheater opening in Austin later this year.

Waterloo Greenway Conservancy, which spearheaded the construction of the upcoming Moody Amphitheater, announced the dual-partnership on Tuesday. The organization laid out plans for the venue’s many future operations, including hosting national headliners plus community events.

“Waterloo Greenway’s Moody Amphitheater is the venue Austin has been missing for many years,” C3 Presents partner Charles Attal wrote in a press statement. “It’s the perfect size for some of today’s hottest touring acts, and with the beautiful urban downtown setting, it will be one of the most special places to see live music in the country.”

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The Moody Amphitheater is set to open sometime this fall and will host a variety of community events in its first months of operation, including wellness expos and film screenings. Live Nation and C3 Presents will work to bring roughly 35 touring acts to the stage annually beginning in the spring of 2021. The Moody Amphitheater will have a capacity upwards of 5,000, making it a secondary venue to the city’s Live Nation-operated Germania Insurance Amphitheater, which has a capacity of 14,000.

Its location in Austin’s Waterloo Park is part of a greater effort to revitalize the park. Austin’s Waterloo Greenway initiative will not only revamp Waterloo Park but several other park systems in the area. Waterloo Park is the largest project with over a 1.5-mile hiking and bike trails and 11 acres of greenspace. The public space has been closed since 2011 for development and will be the first to be completed upon the amphitheater’s grand opening later this year.

Waterloo Greenway Conservancy added that a portion of the amphitheater’s revenue will go directly towards supporting park operations.