By John Dobberstein, Editor
The proposed merger of Notes Live with another company will not affect the Broken Arrow amphitheater project, developers and city officials said this week.
But those with questions about the project should get an opportunity to ask them during a community forum slated for Jan. 9 hosted by the city and Notes Live. Some 300 homeowners living near Broken Arrow Events Park will receive letters soon with details about the forum.
City officials said Friday that no site plan for the $71 million, 12,500-seat venue had been submitted yet, but city planners have had a pre-development meeting with Notes Live.
“We anticipate plans will be presented to us soon after they are ready,” said the city’s media relations manager, Aaron McCulloch.
The city also confirmed that it entered into an agreement to purchase 41 acres of vacant land just north of the Events Park with closing expected in January.
Up to 15 acres will then be sold to Broken Arrow LLC for the project, with an anticipated closing in February or March.
The site plan for the amphitheater “is set” and another site plan for parking should be done in the coming weeks, Notes Live said. At this point, “all entitlement and final City Council approval” will be complete in February or early March.
The city of Broken Arrow also agreed to perform $20 million in public infrastructure improvements at the Events Park, including:
- A new on-site parking lot with a minimum of 2,360 parking spaces
- Stormwater detention facilities improvements
- Road improvements within Events Park
- Road improvements to connect access to State Highway 51 to provide more entry and exit points at Events Park
- Road improvements on New Orleans Street (101st Street)
- Waterline improvements serving the amphitheater
Notes Live announced earlier this week it has entered into a letter of intent to combine with Fresh Vine Wine. Trading on the NYSE American as VINE, Napa, Calif.-based Fresh Vine Wine produces lower carb, lower calorie premium wines in the U.S. Napa, California.
The two companies said in a news release they anticipate negotiating and entering into a definitive agreement prior to the end of January 2024. Notes Live then plans to seek shareholder approval for the transaction at a shareholder meeting scheduled for January 31.
In a statement, the Notes Live said the merger talks with Fresh Vine Wine are “only a path to being a public company and the potential deal “has nothing to do” with Notes Lives’ amphitheater business.
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