Katz Group engages AEG to advise on development of downtown entertainment and sports district
|STAPLES Center is one of AEG's properties.
AEG Development and AEG Facilities are divisions of AEG (www.aegworldwide.com), one of the world’s leading sports and entertainment companies. In addition to owning and operating a host of sports and entertainment franchises and facilities, AEG is overseeing the final development stages of L.A. LIVE, a 4 million square foot, $2.5 billion sports, residential and entertainment district in downtown Los Angeles adjacent to the company’s STAPLES Center arena. AEG has also been a key player in developing The O2, a 28-acre development in London (UK) which includes a 20,000-seat arena and over 650,000 square feet of leisure, retail, hospitality, exhibition and entertainment facilities.
“AEG is an ideal partner to help us make a new downtown entertainment and sports district a reality for Edmonton,” said Daryl Katz, Chairman of the Katz Group. “They have had great success developing and operating world-class sports and entertainment-based urban revitalization projects. Their experience, relationships and end-to-end development capabilities will be a benefit to the project and the broader community.”
AEG will work closely with Katz Group to further define the project’s scope, programming and development team, and will provide ongoing project management and oversight. AEG’s capabilities include all phases of the development process, including planning, feasibility analysis, entitlements, design, leasing, construction and facility operations.
“We recognize Edmonton’s potential and believe very strongly in the opportunity for a new arena to serve as the cornerstone of a major downtown entertainment district and a revitalized urban core,” said Ted Tanner, Executive Vice President, AEG Worldwide. “We look forward to working closely with the Katz Group, the City of Edmonton and all of the many other stakeholders whose support and involvement will be critical to the success of this very exciting initiative.”
“This new Edmonton project is destined to not only become one of the world’s most unique sports and entertainment destinations but one of the premier projects to revitalize a capitol market’s downtown district,” said Bob Newman, AEG Facilities Chief Operating Officer. “We are honored to have the opportunity to combine the resources and experience of our organization with the assets brought to this project by the Katz Group and all local community stakeholders to create this groundbreaking development. On behalf of AEG, we appreciate your confidence in selecting our company and, ‘we won’t let you down’.”
AEG, a wholly owned subsidiary of the Anschutz Company, owns or controls a collection of companies including facilities such as STAPLES Center (Los Angeles, CA), Prudential Center (Newark, NJ), Sprint Center (Kansas City, MO), Citizen's Business Bank Arena (Ontario, CA), The Rose Garden (Portland, OR), WaMu Theatre (Seattle, WA), XL Center (Hartford, CT), El Rey Theatre (Hollywood, CA), Conseco Fieldhouse (Indianapolis, IN), Time Warner Cable Arena (Charlotte, NC), Colosseum at Caesars Palace (Las Vegas, NV), American Airlines Arena (Miami, FL), Target Center (Minneapolis, MN), Rentschler Field (Hartford, CT), NOKIA Theatre Times Square, Nokia Theatre L.A. LIVE Acer Arena (Sydney, AU), Ahoy Arena (Rotterdam) Globe Arenas (Stockholm), Wukesong Arena (Beijing),, Color Line Arena (Hamburg), O2 World arena (Berlin) and The O2, a 28-acre development located in the eastern part of London along the Thames River which includes a 20,000-seat arena and over 650,000 sf of leisure and entertainment use; sports franchises including the Los Angeles Kings (NHL), Manchester Monarchs (AHL), Reading Royals (ECHL), Houston Dynamo and Los Angeles Galaxy (MLS), two hockey franchises operated in Europe, the Hammarby (Sweden) Futbol Club and management of privately held shares of the Los Angeles Lakers; AEG Facilities, a stand-alone affiliate that operates or consults with more than 100 of the industry’s preeminent venues worldwide; AEG Merchandising, a multi-faceted merchandising company; AEG Creative, a full-service marketing and advertising agency and AEG Global Partnerships, a division responsible for worldwide sales and servicing of sponsorships naming rights and other strategic partnerships; and AEG Live, one of the world's leading concert promotion and touring companies. For more information, please visit www.aegworldwide.com.
About Katz Group
Founded by Daryl Katz in 1990 and headquartered in Edmonton, The Katz Group is one of Canada’s largest privately-owned companies with operations in the pharmacy, sports & entertainment, and real estate development sectors. In addition to the company’s North American pharmacy operations, which operate primarily under the Rexall, PharmaPlus, Guardian, IDA and Medicine Shoppe, banners, Katz Group owns the Edmonton Oilers (NHL), Edmonton Oil Kings (WHL), Springfield Falcons (AHL) and the Edmonton Capitals of the Golden Baseball League, as well as Aquila Productions, one of Canada’s leading entertainment and event companies. Through its wholly-owned C&H group of companies, the Katz Group is involved in land assembly, site and building development, and the operation of multiple development projects in Canada and the US.