Venu Holding sells Colorado Springs amphitheater land for $49.7 million in sale-leaseback deal

Venu Holding Corporation

Venu Holding Corporation

VENU

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  • Venu Holding sold about 9.5 acres under its Ford Amphitheater in Colorado Springs for USD 49.7 million in a sale-leaseback transaction.
  • Buyer O'Neil Roth Ford is co-owned and co-managed by a company shareholder and the CEO-chairman.
  • Consideration included USD 29.82 million cash, plus a USD 19.88 million promissory note secured by the property.
  • The note carries 4.87% interest, interest-only payments starting June 1, 2027, with principal due June 1, 2046.
  • An adjacent 1.1-acre undeveloped parcel was also conveyed for USD 10 to facilitate the transaction.


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