Live Nation, Municipal Auditorium Enter Three-Year Deal
Live Nation and Municipal Auditorium have partnered to bring more concerts to the downtown Nashville venue, MusicRow has confirmed.
The three-year deal entails a significant investment in the property, which opened in 1962. Live Nation has agreed to pay $1 million to the venue’s operating fund. Metro government will supply $1.5 million in upgrades to the venue as soon as possible, according to a spokesperson for Municipal Auditorium. According to The Tennessean, the Metro Council has approved upgrades for improved dressing rooms and restrooms, new paint, and high-speed internet, among other items.
The agreement indicates that if Live Nation’s net profit exceeds $2 million, the revenue will be divided evenly between the two entities. Live Nation and Metro Nashville also operate Ascend Amphitheater in downtown Nashville.
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