Royal Farms Arena Redevelopment Approved By Board Of Estimates, To Cost At Least $150M

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BALTIMORE (WJZ) — A projected overhaul of downtown Baltimore’s Royal Farms Arena received support from the city’s Board of Estimates Wednesday.

NBA All-Star and Maryland autochthonal Kevin Durant is an capitalist successful the project, which is expected to outgo astatine slightest $150 million. Under the proposal, Oak View Group & Thirty Five Ventures — co-founded by Durant — would afloat money the renovations.

The Baltimore Development Corporation (BDC) announced it began negotiations with Oak View Group, a Los Angeles-based amusement company, successful June. The city, done the BDC, volition supply wide improvement enactment done the design, improvement and operation period.

The metropolis aims to maximize some nonstop and indirect benefits to Baltimore successful the redevelopment.

“I americium highly excited to spot the translation of the Baltimore Arena determination guardant with specified an experienced squad that is besides committed to important number and women concern participation,” said Mayor Brandon Scott. “A caller state-of-the-art amusement installation volition not lone proceed to pull top-tier nationalist events and unrecorded entertainment, but further catalyze improvement connected the Westside of downtown.”

The BDC said the projected plan includes melodramatic facades, a reimagined concourse and modern seating and suites.

Construction, which is expected to instrumentality a year, begins aft the 2022 Central Intercollegiate Athletic Association Basketball Tournaments, which instrumentality spot February 21-26.

Both groups said they are committed to achieving 45 percent number and women-owned concern information successful the renovation process. The wide contractor, Clark Construction, said successful June they program to prioritize metropolis residents successful the hiring process and volition supply assorted types of apprenticeship programs.

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