Press

SAN DIEGO – HomeTownSD has joined forces with ASM Global as an operating and capital partner in its bid to deliver a world-class arena and entertainment district for San Diego. ASM Global is the preeminent management and content partner of more than 350 venues worldwide, investing in marquee arenas across the globe.

As the world’s leading venue management company and producer of live event experiences, ASM Global’s choice to partner with HometownSD demonstrates the strength of its proposal and builds on an already formidable team in contention to redevelop the Midway property.

“We evaluated the three proposals in contention and determined HomeTownSD to be the most visionary and viable arena plan and their team the most capable of delivering,” said Ron Bension, President and CEO, ASM Global. “It is not easy to finance a world-class arena and ensure its continued operation over the long term. HomeTownSD has crafted a plan that prioritizes financial viability as well as market and community fit – all essential to successfully turning arena plans into reality.”

“With the addition of ASM Global, HomeTownSD is the only team with a partner who has operated, capitalized, developed and delivered multiple successful world-class arenas,” said Chuck Steedman, longtime ASM Global Executive Vice President of Strategy and Development who now serves as their Consultant. “Other teams simply have never done this.”

ASM Global will join HomeTownSD’s lead arena developer, JMI Sports, to deliver a modern, flexible arena tailored to the San Diego market. JMI Sports has both national arena experience as well as local success – having developed two of San Diego’s most successful sports and entertainment venues – PetCo Park and Snapdragon Stadium.

Together, they will bring San Diego’s arena into the 21st century to serve the city’s home teams, as well as an array of elite music and entertainment acts to the region for decades to come.

“We are thrilled to bring ASM Global on board,” said Erik Judson, CEO, JMI Sports. “They bring unparalleled venue management and event production experience – with proven success in the San Diego market. We are proud to be the only team to secure an arena operating and investment partner of this caliber.”

Along with HomeTownSD, ASM Global shares deep roots in the San Diego community having operated the Sports Arena since 2008. With global experience in arena development and live events along with a keen understanding of the San Diego market, they also bring to bear strong relationships with current Sports Arena tenants, including San Diego’s home teams.

“There is no better partner than ASM Global to bring to life the entertainment experience and invest in the development of a state-of-the-art arena for San Diego,” said Sarah Kruer-Jager, project lead for HomeTownSD and Partner at Monarch Group. “They will create value and drive profitability with best-in-class local operational execution, strong financial capabilities, and a proven commitment to San Diego.”

ASM Global is the global leader in venue and event strategy and management delivering locally tailored solutions and cutting-edge technologies to achieve maximum results for venue owners. Their elite venue network spans five continents, with a portfolio of the world’s most prestigious arenas, stadiums, convention and exhibition centers and performing arts venues.

ASM Global operates hundreds of arenas, stadiums, theaters, and convention centers around the globe, which boost local economies, employ area residents and provide meaningful opportunities for the communities they serve.

Their revenue pillar is unmatched with the ability to integrate brands – to music, sports, business, tech and more – that drive value for the brands, content providers, venue partners and guests.

Hosting over 20,000 live events across sports, music, entertainment, and business reaching more than 164 million attendees, ASM Global clients trust them to manage more than $50 billion of their assets.

A leading contender in the redevelopment of the Midway District, the HomeTownSD partnership proposes a visionary plan to transform the Sports Arena property into a destination neighborhood with a world-class arena and housing for all. The proposed arena can host 8,000 to 10,000 hockey and lacrosse fans, 10,000 concert goers, with the capability to expand to unique indoor/outdoor festival events accommodating 12,500 people. Their housing proposal is a mixed-income community that maximizes affordable and middle-income housing – and seamlessly integrates an arena and entertainment district that will create jobs and catalyze local business.

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HomeTownSD is local and women-led. Development partners Monarch, Essex and Eden each possess a unique business model based on stable, multi-decade leadership and long-term investment horizons. Building and sustaining thriving affordable, middle-income and market rate communities for decades is our core competency, passion and exclusive focus. In JMI Sports we have the only arena partner who has developed multiple sports and entertainment facilities in the San Diego market. JMI’s success is built on a depth of experience in conjunction with national and local relationships. Deeply rooted in San Diego, the HomeTownSD team is uniquely positioned to deliver a visionary community that will stand the test of time.

ASM Global is the world’s leading producer of entertainment experiences. It is the global leader in venue and event strategy and management—delivering locally tailored solutions and cutting-edge technologies to achieve maximum results for venue owners. The company’s elite venue network spans five continents with a portfolio of more than 350 of the world’s most prestigious arenas, stadiums, convention and exhibition centers, and performing arts venues. Follow us on Facebook, Instagram, LinkedIn and Twitter.
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