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Originally Posted by SproutingTowers
Oak View Group already contacted me about the Moody Center who are already figuring out how to book this place outside Texas basketball schedule window. They are thinking big meaning Austin could see events never seen here before. One could imagine be the likes of another iHeartRadio or perhaps MTV VMAs. OVG probably wants to recoup their $380+ mil investment as fast as they can which may hurt the AT&T Center in San Antonio.
The Moody Amphitheater is also partnered with Livenation but limited to 3,000 people where Germania Insurance Amphitheater has a capacity of 14,000. Austin has proved it can handle multiple big acts on the same night and do not see this a problem once COVID goes away. The one that will hurt is Skyline Theater at the Long Center where they are trying to attract the 3,000 crowd music concerts. Some performers require indoors and some don't mind the outdoors, and Germania is a great place where don't feel trapped like in the Erwin Center.
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Re: Places where they won't feel trapped, like the Erwin Center, the large outdoor soccer stadium will fill that role pretty nicely as well.
Moody will partner with LN & C3 like you mentioned. LN & C3 are also partnering with OVG on the UT arena.
What I'm seeing is 3 brand new badass venues - 1 smaller outdoor downtown venue w/LN & C3, 1 large indoor downtown venue w/LN & C3, and 1 large outdoor venue close to downtown & rail, with 20K actual covered seats and likely capacity for more unseated attendance. And then there are roughly 6500 actual seats at Germania, way out in BFElroy. I'm not saying COTA won't be able to get a concert at all, but it's gonna be 3rd or 4th in line at best imho.
But those aren't the only things going against them. They've gone a whole racing season with almost no racing revenue, no MERP revenue for 2020 events, no Rolling Stones on Memorial Day, no Willie's Picnic on the 4th, no JMBLYA, and a whole summer with no soccer or concert revenue. Meanwhile, the bills are still coming in, and I've heard that the F1 & MotoGP races in the Americas are already in doubt for 2021, along with Australia....
Not good.