Oak View Group plants first flag in Canada
Oak View Group (OVG) is making its first foray into Canada with a brand new partnership, which will serve as the launching point for a Canadian office.
The global sports and entertainment company is partnering with Hamilton Urban Precinct Entertainment Group (HUPEG) on the redevelopment of the downtown arts and entertainment district in Hamilton, Ontario.
This will include the renovation of the FirstOntario Centre (cap. 19,000), which will be privately funded with more than CA$50 million.
Construction at the arena is anticipated to begin in the autumn of 2022 and take place over two years in two phases.
Internationally renowned arena architect BBB, who managed the renovation of Madison Square Garden in New York City, will lead the arena renovation design.
“We believe Hamilton is the perfect market to plant our first OVG Canada flag”
OVG, which has offices in Los Angeles, New York, London, and Philadelphia, says the deal will kickstart the company’s Canadian operations.
Tim Leiweke, CEO of OVG, and former past president of Canada’s Maple Leaf Sports & Entertainment commented, “I have been very fortunate in my career to be part of the Toronto community and call Canada home. I saw first-hand the continued growth in the Toronto Metro area, and we believe Hamilton in particular, needs a venue that reflects the growth, great fans, and community thus requiring that new facilities are developed and new opportunities are created.
“We believe Hamilton is the perfect market to plant our first OVG Canada flag and will be a venue that compliments Toronto and the Scotia Bank Arena [cap. 19,800]. We think there is a need, an opportunity to transform the current arena and we are extremely excited to be partners with the City of Hamilton and HUPEG on their vision.”
OVG is also leading the redevelopment and operations of Climate Pledge Arena at Seattle Center as well as leading arena development projects for UBS Arena in Belmont Park, New York; Moody Center in Austin, Texas; New Arena in Coachella Valley, CA; and Co-op Live in Manchester, UK.
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