“The economic potential of this project only goes up from here,” added Moore. By attracting A-list talent and increasing the number of events at the venue, the impact can be felt beyond the box office.Ĭharm City: Arena renovations included developing new premium club spaces, including the 900-capacity Fearless Club (pictured), plus 38 new suites. Progress happens because we’re intentional about it, because we make decisions, we push forward even when it’s not easy.” According to the 2022 Visit Baltimore annual report, recreation and entertainment in the city accounted for 13 percent of Baltimore’s overnight visitor spending, $1.8 billion. Maryland Governor Wes Moore said, “It’s not just about a building and infrastructure. This is what we’re talking about, showing the renaissance of Baltimore.” He hailed the public-private partnership that brought a “$200 million investment into the heart of the city.” “We are going to be a mecca for music and entertainment. “We did in 18 months what folks couldn’t get done in 35 years, and we did it for the price of ‘free.99’ for the taxpayers of Baltimore,” said Baltimore Mayor Brandon M. The reconstructed arena, driven by live music as the anchor tenant, is an important cornerstone of downtown Baltimore’s west side rebirth with the hopes of driving additional investment to generate potential economic growth for the city. The $250 million rebuild, a private investment, is a partnership with the Baltimore Development Corporation (BDC), Fundamental Advisors and Thirty Five Ventures (35V), co-founded by NBA star and Maryland native Kevin Durant and business partner Rich Kleiman, plus Grammy award-winning artist Pharrell Williams. Originally opened in 1962 as the Baltimore Civic Center, CFG Bank Arena, a 14,000-seat facility, is owned and operated by OVG. This is going to be a celebration and it’s the beginning of a very long journey where we can bring people together and make this a special place.” “The fact that we get to celebrate, as he calls it, ‘a hot sweaty hall’ where people can come and the acoustics are perfect and the fans and the artist both have a great time. But once you book the Boss, you better make that date work,” laughed Tim Leiweke, chairman and CEO of Oak View Group, parent company of VenuesNow and Pollstar. He felt as passionate about the city as we did and he made a decision to open the building for us. “Bruce Springsteen knew what we were doing here. (Courtesy MGC Media)īALTIMORE, MARYLAND - The city of Baltimore no longer has a hungry heart for live music.īruce Springsteen and The E Street Band performed a stunning, emotionally charged 28-song set for the grand opening of the city’s reconstructed arena, renamed CFG Bank Arena, ushering in a welcomed community renaissance built on the power of performance. Baltimore Revamp: The $250 million transformation of the 61-year-old arena is complete.
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