Live Nation Agrees to Buy Century-Old Venue
A deal for one of the state's most historic concert venues is in the works. Live Nation Entertainment Inc. (NYSE: LYV) has reached an agreement to buy the Old National Center in Indianapolis. The California-based company, which also owns Klipsch Music Center in Noblesville, says the deal could be complete next year. The company handles shows at the Murat Theatre and the Egyptian Room, both located in the center.
December 9, 2014
Statement From Live Nation – Indiana
“Yes, we are in escrow. Shriners International must still approve it and the sale could be completed sometime in late 2015. Because of the confidentiality agreement we are unable to discuss the transaction in future detail. We're confident though that we will be involved in bringing great music and entertainment to the city for many years to come.”
Source: Live Nation – Indiana