Overview
- Eastern Sports Management was tapped to run the youth sports complex, and American Resort Management was named to oversee the water park and hotels under preliminary agreements.
- Troy Henry said a $300 million private equity raise is expected to start within two months and take about 15 weeks to close, with the overall build still pegged around $500 million.
- A NORA-commissioned site assessment finished this week now awaits engineering analysis to determine buildable parcels before pre-development and operating contracts are finalized.
- Developers reported demolition, power restoration and stormwater work are complete, describing the 227-acre site as ready for the next stage, with a sports complex groundbreaking hoped for in about a year.
- A previously announced sublease with film composer Elvin Ross is set to move into construction of a movie studio in the coming months as residents voice cautious optimism after past delays and missed lease deadlines.