Venu Holding Corporation (NYSE: VENU) shares began Thursday in the green. The company, owner, operator, and developer of premium live entertainment destinations, today announced that CBRE Group Inc. (NYSE: CBRE), retained by the Company to secure Commercial Property Assessed Clean Energy financing, has identified more than $150 million in gross proceeds for VENU®.
C-PACE proceeds, according to this morning’s news release, “are expected to fully fund the balance of construction for Regent Bank Amphitheater in Broken Arrow, Oklahoma, expected to open in fall 2026, and Sunset
Amphitheater in McKinney, Texas, expected to open in the first quarter of 2027.”
C-PACE is long-term, fixed-rate financing secured through a property tax assessment tied to qualifying building improvements, providing VENU with institutional-scale capital without issuing equity.
"This is the value of building free and clear," said CEO J.W. Roth. "Because our buildings and properties are owned, not leveraged, institutional capital wants a stake in what we're building. At the end of the day, our ownership model is the secret sauce: it's what keeps our properties unencumbered and gives us the opportunity to seek creative ways to fund our growth. This is an extraordinary moment for us and something we have been working towards from day one!"
VENU shares took on four cents, or 1.7%, to $2.47.
