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re: New LSU Arena? - EBR Metro Council Agenda
Posted on 2/27/24 at 4:04 pm to PoppaD
Posted on 2/27/24 at 4:04 pm to PoppaD
quote:
I love the Moody center and I'm glad Woodward has been around to tour it. The live calendar has stayed full and it could be that way in Baton Rouge also,
This would be the biggest red flag for me as a private investor. Baton Rouge is stone cold dead as concert tour stop. With the exception of a few one off Tiger Stadium shows, its been that way since Beaver Productions was a thing. A new venue would drive the interest of course, but it wont just happen. There needs to be a strong marketing/promotions arm setup well before the venue opens in order to hit the ground running.
2
Posted on 2/27/24 at 4:10 pm to Basura Blanco
This is the job of the private equity firm. They would handle marketing, concerts, etc. since they receive the revenue from it.
Posted on 2/27/24 at 5:36 pm to Basura Blanco
quote:
This would be the biggest red flag for me as a private investor. Baton Rouge is stone cold dead as concert tour stop.
That's why the below part is critical to make a partnership work. Live Nation and C3 can book the shows.
quote:
Oak View Group, along with partners Live Nation and C3 Presents, will have the right to hold events on the other days.[6]
Baton Rouge is dead as a concert stop because there is no good venue to play. People don't remember but when the Pmac opened they hosted lots of the biggest acts of the day like Fleetwood Mac, The Eagles, Bob Seger, etc. And that was before Live shows were so critical. Nowadays Artists make their money from doing Live shows not record deals.
If LSU builds it with a good partner it would become a natural stop for many artist and comedians.
I know Austin is a different town, but before the Moody Center was built a lot of the acts would pass over Austin on their way to play San Antonio, Dallas or Houston. Now with the new building they are stopping by for shows here.
Baton Rouge and LSUcould book some solid shows, like they have in the past, if they build a good arena and have a good partner.
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