[Video: The Met Philadelphia][H/T Philly.com] As reported at Philly.com, Philadelphia’s Metropolitan Opera House on North Broad Street will be converted into a new 3,500-capacity Live Nation concert venue, with plans for the site to open to the public as early as December of this year. To complete the massive renovation project, Live Nation entered into a partnership with well-known Philly real estate developer Eric Blumenfeld. As detailed in the article, the cost of the renovation is now projected at $56 million, which comes in over $10 million dollars more than the projected total cost of $45 million announced in May of last year.Notably, Bob Weir and other members of the Grateful Dead are investors in the project. This investment is not necessarily too surprising, given Weir’s and Live Nation head Geoff Gordon’s close relationship. In 2016, Weir officiated Gordon’s wedding to Sayeeda Gordon during a performance at The Tower Theater in Upper Darby, Pennsylvania. As Live For Live Music has previously reported, the wedding took place during the set break of the show, which was a stop on Weir’s “Campfire Tour” promoting his solo album, Blue Mountain—in addition to the private nuptuals, the show itself saw sit-ins by Joe Russo and Tom Hamilton.The Metropolitan Opera House is a large 3,500-person venue that takes up a full city block at Broad and Poplar Streets. For the renovation, the main theater will be converted for seated and standing-only general-admission concerts; however, the opera house also contains a number of smaller rooms that could be converted into lounges and additional performances spaces. With the venue’s opening anticipated for the end of 2018, no acts have been announced for The Met’s opening. However, in addition to concerts and, likely, comedy shows, Holy Ghost Church, a partner and former full owner of the space, will host services at the venue after its reopening.As noted by Philly.com, in contrast to other mid-size concert venues around Philadelphia, The Met will be larger and “a good deal more posh” than venues like The Fillmore, Electric Factory, Academy of Music, and Tower, which house a capacity of around 2,500 people. The Met could also be a good fit for artists like Arcade Fire, Lorde, and Lana Del Ray who could easily sell out the renovated space and that have recently performed at a half-full Wells Fargo Center, which has a capacity of around 20,000 people.The Metropolitan Opera House was formerly a historic world-class opera house, which was built in 1908 by the well-known theater impresario Oscar Hammerstein I—also the grandfather of the famed musical librettist Oscar Hammerstein II of the critically acclaimed composing duo, Rodgers and Hammerstein. While the venue was used as an opera house through to 1934, the renovation will mark the next evolution of the building, which has formerly been used as a movie theater, ballroom, sports venue, and church.However, the renovation project will likely be a difficult one. The building was unused and vacant from 1988 to 1995, eventually being saved from demolition in 1996 by a different church group after the city declared the site was imminently dangerous. However, after Holy Ghost Headquarters Revival Center bought the church and spent $5 million dollars stabilizing the venue, the church group tapped Eric Blumenfeld for a development partnership and sold the building to him for $1. In 2015, the church filed a lawsuit against Blumenfeld for the lack of progress, though in 2017, the Holy Ghost Church and Blumenfeld reached a joint ownership agreement.As Blumenthal stated last year about the Metropolitan Opera House, “It’s a glorious old building that had been neglected that anyone with any intelligence would tell you to tear down.”With Holy Ghost Church, Blumenfeld, and Live Nation all on board and full steam ahead, the crew is hopeful that the renovation will be completed by December 2018, though already the expected renovation date has been pushed back from September 2018. You can watch the promo video for Live Nation’s new, renovated concert venue at The Met in Philadephia below.
FacebookTwitterLinkedInEmailPrint分享The Mercury News:In a major setback to a years-long effort to reinvent the former Oakland Army Base, the city has terminated its lease with developer Phil Tagami, effectively putting an end to his controversial plan to build a marine terminal and export coal, according to letters sent last month by city attorneys.City officials in those letters said Tagami has failed to meet construction milestones agreed upon in the lease, and sent him a notice of default on October 23. The default notice said Tagami must pay the city $1.6 million in project liquidated damages as specified in the 66-year lease.“This isn’t about coal. This is about the developer’s failure to meet its obligations and perform the work it agreed to do. (The developer) had years to move this project forward, and has used every excuse in the book to justify its failure to perform,” City Attorney Barbara Parker said in a statement.After years of planning, the military turned over the shuttered base to the city and Port of Oakland in 2006. The city had flirted with several different visions for its half of the property before giving Tagami the green light for a $1 billion state-of-the-art logistics center and marine terminal in 2012. Among them were an Indian casino, hotel, convention center, and, if a failed plan by Keenen Ivory Wayans had come to pass, a movie studio and entertainment village.The once-touted terminal project had already run afoul of Oakland city leaders, who belatedly voted to ban coal after learning of Tagami’s surreptitious deal with Utah coal companies to ship their product overseas. Tagami sued and the battle landed in federal court. In May, U.S. District Judge Vince Chhabria struck down the city’s coal ban, a decision the city is appealing.Now it appears there will be a new court fight over the terminated lease. Last month, Tagami and his business partner, Mark McClure, filed a 51-page claim against the city, a precursor to a lawsuit.More: Oakland tells Phil Tagami coal project is over, terminates Army base lease Oakland terminates lease at planned coal export facility
3SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr Why do so many credit unions struggle with an aging membership? Why do credit unions work to lower the average age with very little success in turning that number around? Some think it as easy as posting hip things on a Facebook page. Others spend an abundance of money on rebranding with a coined name they think will be their train ticket to Hipsterville. There’s nothing wrong with using Facebook, or with rebranding, but there’s a lo missing between those two strategies in appealing to younger members.How about going beyond talking about remote deposit capture and Apple Pay? Identify barriers of your credit union doing business within your desired age group? It’s going to take some out of the box thinking and non-traditional ideas that have nothing to with finance.For example, recently in Greenville, SC, where the YMC home office is located, Chick-fil-A announced a new service to help millennial moms (there’s a word that’s probably all over your strategic plan). Chick-fil-A has implemented a new service in select locations called Mom’s Valet, which allows parents to order at the drive-thru with their children. Then, the moms can corral their kids and go inside, where a Chick-fil-A employee has prepared a table to serve the family. continue reading »