clawdbot-workspace/mixed-use-entertainment-intel.md

# Mixed-Use Entertainment Development Intel Report

**Last Updated:** February 14, 2026  
**Coverage:** Last 90 days (Nov 2025 – Feb 2026) + key mid-2025 announcements  
**Sources:** Bisnow, REBusinessOnline, Sports Business Journal, BizJournals, Blooloop, GlobeSt, Connect CRE, PR Newswire, general news

---

## 🔴 HIGHEST PRIORITY — Actively Raising Capital / Seeking Partners

These projects are confirmed to be in fundraising, seeking JV partners, or have open RFPs.

| Project | Location | Developer | Est. Cost/Size | Stage | Key Details | Capital/Partner Status | Key People | Source |
|---------|----------|-----------|---------------|-------|-------------|----------------------|------------|--------|
| **Forge Atlanta** | Atlanta, GA | Webstar Technology Group / Urbantec Development Partners | **$3.7B total** ($756M Phase 1) / 8.4M SF on 10 acres | Site acquired Dec 2025; lining up financing for 2026 groundbreaking | Phase 1: 300-room hotel, 600 luxury condos, 60,500 SF retail + entertainment, sports entertainment complex; Full build: 2,300 residences, 600K SF office, 200K SF data center | **ACTIVELY RAISING CAPITAL** — $33.7M seller financing secured; pursuing $223.7M inducement from Dev Authority of Fulton County, institutional loans/equity, bond issuance, digital asset tokenization, condo presales, and forthcoming stock offering. Penny stock company (WEBSTAR) — high risk profile. | Ricardo Haynes (CEO, Webstar) | [Bisnow](https://www.bisnow.com/atlanta/news/mixed-use/webstar-partner-close-on-forge-atlanta-site-132423) |
| **Ole Miss Vaught-Hemingway District** | Oxford, MS | **RFP OPEN** — seeking developer partner | TBD / 25 acres | RFP issued Dec 10, 2025 | Mixed-use condotel (30+ condos), 35K+ SF retail/dining, entertainment district, stadium modernization (premium seating, student section), half-acre plaza; P3 (public-private partnership) structure | **OPEN RFP** — University seeking developer to design, build, finance, operate and maintain. Responses being collected. Brailsford & Dunlavey advising. | Keith Carter (AD, Ole Miss) | [SBJ](https://www.sportsbusinessjournal.com/Articles/2025/12/11/ole-miss-issues-rfp-for-vaught-hemingway-stadium-mixed-use-development-project/) |
| **VENU Holding Corp (Multiple Sites)** | CO, TX, OK, and other U.S. markets | VENU Holding Corp (NYSE: VENU) | **$1.1B+ under construction**; $5B+ pipeline | Active construction; **Centennial, CO $13M acquisition closed Feb 3, 2026** | Five amphitheaters + **NEW indoor venue concept**: Centennial, CO (first indoor "Luxe FireSuites" venue — entitlement 180 days, construction upon permit); Broken Arrow, OK (construction ongoing, booking in 90 days); McKinney, TX 20K-seat amphitheater advancing. FireSuites pre-sales on pace to sell out in 75 days. | **ACTIVELY RAISING PUBLIC CAPITAL** — Raised $34.5M+ in 2025; $1B shelf registration filed Dec 2025. FireSuites pre-sales reducing external capital needs. Publicly traded (VENU). Low-leverage structure. | JW Roth (Founder/Chairman/CEO); Chloe Polhamus (IR) | [Morningstar/BusinessWire](https://www.morningstar.com/news/business-wire/20260203259378/venu-completes-13-million-centennial-deal-debuts-indoor-venue-concept-with-strong-pre-construction-demand) |
| **Ovation Orlando** | Orlando (Osceola County), FL | Accesso Partners / Meyers Group (JV) | **$1B+** / 670K SF on 76 acres | Site acquired Jan 2026 ($73.3M); groundbreaking Q1 2026 | Master-planned entertainment district near Disney — 5 themed districts; retail, dining, musical restaurants, live music, 740 hotel rooms/condos; opening target 2027 | **Likely seeking capital partners** — $1B project with only $73M land purchase closed. JV structure between Accesso and Meyers Group. Full capital stack not disclosed — significant equity gap. | — | [ConnectCRE](https://www.connectcre.com/stories/accesso-buys-76-acres-to-build-orlando-entertainment-district/) |

---

## 🟡 HIGH VALUE — Major Projects Recently Announced (Last 90 Days)

| Project | Location | Developer | Est. Cost/Size | Stage | Key Details | Capital/Funding Status | Key People | Source |
|---------|----------|-----------|---------------|-------|-------------|----------------------|------------|--------|
| **Water Street Tampa Entertainment District** | Tampa, FL | Strategic Property Partners (SPP) / Vinik Sports Group (VSG) | Part of **$3B+** Water Street Tampa / 4 acres | Announced Dec 2025; planning phase | 3,500-seat live music venue for mid-tier artists, 250-room hotel, 100K SF retail/dining/entertainment, structured parking; across from Benchmark International Arena | **Privately financed** — SPP/VSG partnership. Jeff Vinik's portfolio. Arctos Partners, Doug Ostrover, Marc Lipschultz are VSG minority investors. | Jeff Vinik (VSG founder); Arctos Partners (minority) | [REBusiness](https://rebusinessonline.com/strategic-property-partners-to-develop-3b-entertainment-district-in-downtown-tampa/) |
| **KC Chiefs Stadium & Entertainment District** | Wyandotte County, KS (near Legends) | Kansas City Chiefs / State of Kansas | **$3.3B total** ($3B stadium + $300M HQ); $700M-$1B entertainment district | Agreement announced Dec 2025; STAR bond package | 65K-seat domed stadium (opens 2031 season), new HQ/training facility (Olathe), shopping/dining/hotel/entertainment districts in both locations | **Public-private partnership** — State STAR bonds funding up to 60% of costs; team covers 40%. $500M+ in public financing. Major public subsidy structure. | Clark Hunt (Chairman, Chiefs); Gov. Laura Kelly | [KS Commerce](https://www.kansascommerce.gov/2025/12/gov-kelly-and-kansas-city-chiefs-announce-agreement-on-plans-for-state-of-the-art-domed-stadium-in-kansas/) |
| **MidCity Arts + Innovation Subdistrict** | Huntsville, AL | RCP Companies | **$300M** / 12 acres (within $2.2B MidCity District) | Announced Dec 2025; planning phase | 3,000-seat indoor music venue, 200-room music-branded hotel, boutique hotel, Innovation Tech Campus, 60K SF retail/entertainment, relocated outdoor venue (The Camp) | **Public-private partnership** — Part of larger $2.2B MidCity District (one of SE's largest mall conversions). Specific capital stack not disclosed. | — | [Axios Huntsville](https://www.axios.com/local/huntsville/2025/12/19/midcity-arts-innovation-subdistrict-huntsville-alabama) |
| **Current Landing** | Kansas City, MO | Palmer Square Real Estate Mgmt / Angie & Chris Long (KC Current owners) | **$1B** / 23 acres | Under construction; Phase 1 opening Spring 2026 | Waterfront mixed-use district anchored by CPKC Stadium; restaurants, 2-acre town square, hundreds of apartments (River's Edge, Confluence buildings), retail, entertainment; timed for 2026 FIFA World Cup | **Funded and under construction** — First apartment pre-leasing Jan 2026. Construction moving rapidly. | Angie Long, Chris Long (KC Current co-owners) | [SBJ](https://www.sportsbusinessjournal.com/Articles/2025/12/19/kcs-1b-riverfront-project-gets-name-world-cup-boost/) |
| **Sphere at National Harbor** | National Harbor, MD (DC metro) | Sphere Entertainment Co. (NYSE: SPHR) / Peterson Companies | TBD (est. multi-hundred million) / 6,000 seats | Intent announced Jan 18, 2026 | Second U.S. Sphere; first smaller-scale design model; immersive entertainment venue at National Harbor destination | **$200M in state/local/private incentives** announced. Sphere is public company (SPHR). Peterson Companies is established local developer/owner of National Harbor. Additional capital structure TBD. | James Dolan (Sphere Entertainment); Jon Peterson (CEO, Peterson Companies); Gov. Wes Moore | [Sphere Entertainment](https://investor.sphereentertainmentco.com/press-releases/news-details/2026/Sphere-Entertainment-the-State-of-Maryland-Prince-Georges-County-and-Peterson-Companies-Announce-Intent-to-Develop-a-Sphere-at-National-Harbor/default.aspx) |
| **Metropolitan Park** | Queens, NY (Citi Field area) | Steve Cohen / Hard Rock International | **$8.1B** / 50 acres | Casino license approved Dec 15, 2025 | Hard Rock Hotel & Casino, 5,650-seat music venue, sportsbook, 1,000-room hotel, "Taste of Queens" food hall, 5,000 slot machines, 375 table games, 25 acres of parkland; 7 subway station renovation | **$500M upfront license fee** paid to state. $850M estimated annual tax revenue. Cohen self-funding (hedge fund billionaire). Fully private capital. | Steve Cohen (Mets owner); Hard Rock International | [SBJ](https://www.sportsbusinessjournal.com/Articles/2025/12/15/steve-cohen-81b-metropolitan-park-get-final-approval-for-ny-casino-license/) |
| **Indianapolis Boxcar/Gainbridge District** | Indianapolis, IN | Boxcar Development LLC (Herb Simon / Simon family) | **$350M** | Groundbreaking Jan 7, 2026 | 13-story Ritz-Carlton hotel (176 rooms), 4,000-seat Live Nation music venue, pedestrian bridge to Gainbridge Fieldhouse, underground parking; acquiring additional surrounding properties | **$40M+ in TIF/city incentives** under consideration. Simon family self-funding bulk. $300M+ private investment. 300+ FTE jobs. | Herb Simon (Pacers owner); Rick Fuson (CEO, PSE) | [Live Nation](https://newsroom.livenation.com/news/partners-formally-break-ground-on-mixed-use-development-downtown-featuring-ritz-carlton-indianapolis-and-new-live-nation-venue/) |

---

## 🟢 SIGNIFICANT PROJECTS — Under Development / Advancing

| Project | Location | Developer | Est. Cost/Size | Stage | Key Details | Capital/Funding Status | Key People | Source |
|---------|----------|-----------|---------------|-------|-------------|----------------------|------------|--------|
| **Rams Village at Warner Center** | Woodland Hills (LA), CA | Kroenke Organization | **$10B** / 52 acres (100 acres total holdings) | Plans announced Apr 2025; filing with city imminent; shovels by early 2027 | Rams HQ + training facility, two entertainment venues (5,000 + 2,500 capacity), residential, retail, hotel, offices, parks; decade-long phased build | **Privately funded** by Stan Kroenke (billionaire). No public subsidy disclosed. Gensler is master architect. | Stan Kroenke (Rams owner); LA Councilmember Bob Blumenfield | [Commercial Observer](https://commercialobserver.com/2025/04/kroenke-la-rams-hq-district-warner-center-development/) |
| **Centennial Yards** | Atlanta, GA | CIM Group / Centennial Yards Company | **$5B+** / 50 acres | Under construction; first openings targeting 2026 FIFA World Cup | 5,300-seat Live Nation concert venue, Cosm venue, retail, hotel, residential; near Mercedes-Benz Stadium & State Farm Arena. "Epicenter of sports and entertainment for the SE U.S." | **CIM Group** (major institutional investor) leading. Live Nation signed long-term lease. Major institutional capital already deployed. | Brian McGowan (President, CY Company) | [BusinessWire](https://www.businesswire.com/news/home/20250514770693/en/Centennial-Yards-Selects-Live-Nation-to-Operate-Downtown-Atlantas-Newest-Iconic-Entertainment-Venue) |
| **Raleigh Sports & Entertainment District** | Raleigh, NC | Pacific Elm Properties / Gale Force Sports & Entertainment | **$1B** / 80 acres | Phase 1 kicked off Dec 2025 | Phase 1: 200K SF entertainment/lifestyle retail, 150K SF office, 150-key hotel, 500+ apartments, 4,300-seat Live Nation venue, 600-ft tailgating promenade; 15-year timeline | **Private development** with Centennial Authority partnership (arena lease extension). Rezoning filed. | Brian Fork (CEO, Hurricanes Holdings); Philip Isley (Chairman, Centennial Authority) | [NHL.com](https://www.nhl.com/hurricanes/news/raleigh-sports-entertainment-district-unveils-first-look-at-mixed-use-development) |
| **Salt Lake City Entertainment District** | Salt Lake City, UT | Smith Entertainment Group (SEG) / Live Nation | **$1.4B** (est.) | Active planning; 6,000-seat music venue announced Aug 2025 | Delta Center remodel ($525M) + district development ($375M from tax revenue); new 6,000-capacity indoor music venue (200 events/year); master architects selected Sep 2025 | **$900M from Capital City Revitalization Zone tax revenue** (public). $500M gap being addressed. SEG private investment. Live Nation as venue partner. | Ryan Smith (SEG); Live Nation | [KSL TV](https://ksltv.com/local-news/entertainment-district/821541/) |
| **Staybolt Street Entertainment District** | Mansfield, TX | City of Mansfield / House of Tangram / REV Entertainment | **$2.5B** / 100 acres | Multiple phases; some elements opening late 2025 | Multi-sport professional stadium (REV Entertainment/FC Dallas affiliate), 30-acre sports park, 45K SF High 5 Mansfield FEC, 288-room Carbon Mansfield hotel, 33K SF convention center, retail, dining, housing | **Public-private partnership** — House of Tangram acquired 30 acres (Jul 2025). AI-powered hotel concept. Multiple private developers within master plan. | — | [Mansfield Gov](https://www.mansfieldtexas.gov/2153/Staybolt-Street-Entertainment-District) |
| **The Development at Cadillac Square** | Detroit, MI | Bedrock LLC (Dan Gilbert) | Multi-hundred million (specific total TBD) | Groundbreaking Apr 2025; Cosm opening Fall 2026 | Cosm live sports video dome, retail, residential, entertainment; adjacent to Campus Martius Park. Phase 2 scheduled Oct 2026. | **Bedrock (Gilbert's RE arm)** is primary capital source. $14M in public Revitalization & Placemaking Grants for surrounding areas. | Jared Fleisher (CEO, Bedrock); Kofi Bonner (former CEO, Bedrock) | [Crain's Detroit](https://www.crainsdetroit.com/real-estate/bedrock-breaks-ground-cosm-project-downtown-detroit) |
| **The Gallery** | Madison, MS | Bellamare Development | **$60M** / 70 acres | Approved & under construction (started Jun 2025) | Anchored by Spinners (120K SF indoor/outdoor FEC — bowling, skating, arcade); "Royal Street" New Orleans-style dining area; boutique retail, office space | **100% privately funded** — no public tax dollars. Mississippi-based developer. WBA Architecture and MP Design Group. | Mayor Mary Hawkins (Madison) | [Clarion Ledger](https://www.clarionledger.com/story/business/2025/04/22/madison-ms-entertainment-center-economy-boost/83120368007/) |
| **Village at Gateway / Evo Entertainment** | Forney, TX | Forney Legacy Holdings LLC / Evo Entertainment | Part of 120-acre mixed-use (82K SF Evo venue) | Under construction (broke ground Dec 2025; opening Fall 2026) | Largest Evo in Texas — cinema, bowling, gaming, F&B; within larger development with Target, H-E-B, Home Depot anchors | **$4M city incentive** agreement. Privately developed. | — | [ConnectCRE](https://www.connectcre.com/stories/82k-sf-entertainment-venue-breaks-ground-in-forney/) |

---

## 📊 MARKET CONTEXT

### Live Nation $1B Venue Investment Program
- **Announced mid-2025**: $1B to build 18 new/revitalized live music venues across the U.S.
- Many venues co-located with sports stadiums/arenas as part of mixed-use developments
- 2025 capex: $900M–$1B
- **Significance:** Live Nation is the anchor tenant for multiple projects on this list (Raleigh, SLC, Indianapolis, Centennial Yards). Their venue investment creates partnership opportunities.

### Rockingham Grand Casino (New Hampshire)
- **Developer:** Churchill Downs Inc. (CDI)
- **Cost:** $180–200M
- **Details:** 160K SF casino, 900-seat live entertainment venue, F&B; expanding from 19K SF existing facility to full casino in state's largest mall
- **Status:** Planning board approved Dec 2025; announced Jan 2026
- **Capital:** CDI is publicly traded (CHDN). Internal financing.

### Portland Foreside
- **Location:** Portland, ME
- **Developer:** Foreside Development Company / JV partners
- **Cost:** $600–700M next phase
- **Details:** 10-acre waterfront mixed-use: 400 residential units, 128-room luxury hotel, 50K SF retail/entertainment, marina
- **Status:** Planning board approved; under development
- **Capital:** Not disclosed publicly. Multiple phases.

---

## 🎯 CAPITAL OPPORTUNITY SCORING

### Tier 1 — ACTIVE CAPITAL NEEDS (Outreach Targets)
1. **Forge Atlanta** — Webstar is a penny stock company actively seeking institutional loans, equity, and bond issuance for a $756M Phase 1. High risk but massive upside. Pursuing unconventional capital (tokenization, stock offering).
2. **Ole Miss Vaught-Hemingway** — Open RFP seeking a full development partner. True ground-floor opportunity for a developer/investor team.
3. **VENU Holdings** — Publicly traded, $1B shelf registration filed, actively raising capital for amphitheater development pipeline. Public market opportunity.
4. **Ovation Orlando** — $1B project with $73M land acquired. JV between Accesso and Meyers Group. Likely significant equity gap for the remaining $900M+ build-out. Groundbreaking Q1 2026.

### Tier 2 — POSSIBLE CAPITAL/PARTNER NEEDS (Worth Monitoring)
5. **MidCity Huntsville** — $300M expansion within $2.2B district; P3 structure suggests capital partner opportunities.
6. **Salt Lake City District** — $500M funding gap identified beyond $900M in public tax revenue. SEG may need partners for district elements.
7. **Raleigh Sports & Entertainment District** — $1B, 15-year development. Phased approach suggests ongoing capital needs across phases.
8. **Sphere National Harbor** — Early-stage intent; full capital structure not yet disclosed beyond $200M in incentives.

### Tier 3 — WELL-CAPITALIZED (Monitor for Vendor/Service Opportunities)
9. **Metropolitan Park NYC** — $8.1B, Cohen self-funded
10. **Rams Village** — $10B, Kroenke self-funded
11. **Centennial Yards** — $5B+, CIM Group institutional capital
12. **Water Street Tampa** — $3B+, Vinik/SPP well-capitalized
13. **Current Landing KC** — $1B, under construction, funded
14. **KC Chiefs Stadium** — $3.3B, STAR bonds + team equity

---

---

## 🆕 NEW FINDS — February 2, 2026 Scan

### 🔴 HIGH PRIORITY — Capital/Partner Opportunities

| Project | Location | Developer | Est. Cost/Size | Stage | Key Details | Capital/Partner Status | Key People | Source |
|---------|----------|-----------|---------------|-------|-------------|----------------------|------------|--------|
| **Project Marvel (Spurs Arena & Entertainment District)** | San Antonio, TX (Hemisfair area) | San Antonio Spurs / City of San Antonio | **$1.3B+** ($500M arena + $500M private development + $60M community) / 60+ acres | Land acquisition phase; $30M federal building purchase approved Jan 15, 2026; developer selection upcoming | New NBA arena (60-month build timeline), expanded convention center, mixed-use (apartments, restaurants, shops, offices, hotels), new Missions baseball stadium also in district | **ACTIVELY STRUCTURING FINANCING** — Spurs pledged $1B+; city pursuing bond funding for infrastructure; convention center hotel on pause pending utility relocation study. Developer to design arena + surrounding district not yet selected. Complex multi-party P3 structure with significant remaining capital needs. | Mayor Gina Ortiz Jones; Ben Gorzell (City CFO); Spurs ownership | [SA Report](https://sanantonioreport.org/marvel-2026-update-city-plan/) / [BizJournals](https://www.bizjournals.com/sanantonio/news/2026/01/08/spurs-federal-land-purchase.html) |
| **FC Cincinnati Entertainment District** | Cincinnati, OH (West End) | FC Cincinnati / TBD entertainment venue operator | **$332M** / two 13-story towers | Final planning approval Nov 2025; $26M Ohio tax credit secured; **groundbreaking Spring 2026** | Tower 1: 167 apartments, office, 5 retail tenant spaces. Tower 2: 182-room boutique hotel (Davidson Hospitality operating), condos, 1,100-1,200 capacity underground entertainment venue (200-250 events/yr). Near TQL Stadium. 2,102 construction + 1,699 permanent jobs. | **SEEKING VENUE OPERATOR** — Entertainment venue will be partner-operated (not FCC). Hotel has operator (Davidson Hospitality) but no brand yet. $26M state tax credit suggests additional financing in play. Possible equity/debt gaps for $332M total. | Chad Munitz (CRO, FC Cincinnati); Davidson Hospitality Group | [WCPO](https://www.wcpo.com/news/local-news/fc-cincinnati-entertainment-district-development-receives-final-approval-from-commission-heres-whats-next) / [BizJournals](https://www.bizjournals.com/cincinnati/news/2025/11/21/fc-cincinnati-west-end-development-final-vote.html) |
| **Six Flags Over Georgia Entertainment District** | Mableton, GA (adjacent to Six Flags) | Six Flags Entertainment / City of Mableton | TBD | Very early-stage discussions (Jan 2026) | Entertainment district adjacent to 290-acre Six Flags Over Georgia park. New businesses, restaurants. Mableton considering Tax Allocation Districts (TADs) to finance infrastructure. Six Flags parent posted $1.2B loss — motivation to monetize adjacent land. | **VERY EARLY STAGE — PARTNER/DEVELOPER OPPORTUNITY** — TAD being explored for financing. Six Flags needs capital partners given parent company losses. Ground-floor opportunity for a developer willing to co-invest. | Mableton Mayor; Artie Jones (Economic Dev Director, Mableton) | [BizJournals Atlanta](https://www.bizjournals.com/atlanta/news/2026/01/28/six-flags-over-georgia-mableton-district.html) |

### 🟡 SIGNIFICANT — Recently Announced / Advancing

| Project | Location | Developer | Est. Cost/Size | Stage | Key Details | Capital/Funding Status | Key People | Source |
|---------|----------|-----------|---------------|-------|-------------|----------------------|------------|--------|
| **Chicago Bears Arlington Heights District** | Arlington Heights, IL | Chicago Bears / McCaskey family | **$5B** ($2B stadium + $3B mixed-use district) / 326 acres | Legislative push; renderings released Oct 2025; seeking state infrastructure support | 100K-seat domed stadium, retail, restaurants, housing, hotel, tailgating plazas. 56,000 construction jobs. $10.9B one-time economic impact. $1.3B annual economic activity. | **Seeking state legislation** for infrastructure funding. Team claims 100% private funding for stadium ($2B) but needs public investment for roads, utilities, transit. $3B mixed-use district likely needs development partners. Massive multi-year opportunity. | Bears ownership (McCaskey family); Arlington Heights Mayor Tom Hayes; IL Legislature | [NBC Chicago](https://www.nbcchicago.com/news/local/we-cannot-fumble-this-opportunity-arlington-heights-mayors-plea-for-a-new-bears-stadium/3877211/) |
| **Miami Freedom Park Entertainment District** | Miami, FL (131 acres) | Inter Miami CF ownership (Mas brothers, Beckham) | **$1B+** (est.) / 131 acres, 1M+ SF retail/entertainment/office + 750 hotel rooms | Phase 1 tenants announced Dec 2025; opening 2026 alongside stadium | 25,000-seat stadium, 58-acre public park, 500K SF Phase 1 retail/entertainment. First 125K SF leased: Fever (30K SF immersive experiences), PopStroke (75K SF Tiger Woods golf entertainment), Toroverde (24K SF adventure park). 750 hotel rooms across full build. | **Likely well-capitalized** (Mas brothers, Beckham). But 1M+ SF total retail/entertainment build-out across phases = potential JV/tenant/anchor investment opportunities. Phase 2 and 3 not yet announced. | Devon McCorkle (President, MFP); Jorge Mas; David Beckham | [Inter Miami](https://www.intermiamicf.com/news/miami-freedom-park-announces-first-125-000-square-feet-of-retail-for-entertainment-district-at-the-heart-of-transformative-new-development) |
| **Four Mile District** | Glendale, CO (Denver metro) | Central Street Capital (Rob Salazar family office) | **$150M** / 10 acres | Phase 1 construction underway (infrastructure); Alamo Drafthouse opening late 2026/early 2027 | Walkable entertainment district: Alamo Drafthouse (40K SF, 9 screens), outdoor plazas, creekside promenade, beer garden, event stage/lawn. Open consumption district (Vegas-style). Future phases: hotels, additional retail, late-night dining. | **Family office funded** (Central Street Capital / healthcare entrepreneur Rob Salazar). Phase 1 in progress. Future phases may need capital partners for hotel and expanded retail components. | Rob Salazar (Central Street Capital) | [Naked Denver](https://www.nakeddenver.com/post/glendales-four-mile-district-a-150m-entertainment-revolution-unfolds) |
| **NE Revolution Stadium District** | Everett, MA (Mystic River) | Kraft Group | **$500M+** (stadium) / 25,000 seats | $138M deals with Boston/Everett signed Jan 2, 2026; permitting phase | 25,000-seat MLS soccer stadium on Mystic River. $48M community benefits package to Boston (15 yrs). $90M+ to Everett (20 yrs). $13M Sullivan Square improvements. | **Privately funded** by Kraft Group. Limited capital opportunity — but vendor, design, and construction contract opportunities on a $500M+ build. | Robert Kraft (Kraft Group) | [Bisnow](https://www.bisnow.com/boston/news/hospitality-entertainment/boston-everett-officials-reach-138m-deal-for-new-soccer-stadium-132537) |

---

## 🆕 NEW FINDS — February 5, 2026 Scan

### Update to Existing Project

| Project | Update | Source |
|---------|--------|--------|
| **VENU Holding Corp — Centennial, CO** | Closed $13M acquisition Feb 3, 2026 for first **indoor venue** with "Luxe FireSuites" concept. Entitlement process 180 days, construction upon permit. FireSuites pre-sales on pace to sell out in 75 days — reduces external capital needs. Broken Arrow, OK booking programming in 90 days. McKinney, TX 20K-seat amphitheater advancing. | [Morningstar/BusinessWire](https://www.morningstar.com/news/business-wire/20260203259378/venu-completes-13-million-centennial-deal-debuts-indoor-venue-concept-with-strong-pre-construction-demand) |

*No major NEW mixed-use entertainment developments announced in past 24 hours. VENU continues executing across portfolio.*

---

## 🆕 NEW FINDS — February 4, 2026 Scan

### 🔴 HIGH PRIORITY — Capital/Partner Opportunities

| Project | Location | Developer | Est. Cost/Size | Stage | Key Details | Capital/Partner Status | Key People | Source |
|---------|----------|-----------|---------------|-------|-------------|----------------------|------------|--------|
| **Rock Creek Entertainment District** | Norman, OK (Rock Creek Rd & 24th Ave NW, near I-35) | Team Norman (coalition) / OU Foundation / City of Norman | **$1B** / multi-acre district | **LEGAL CLEARANCE GRANTED FEB 3, 2026** — OK Supreme Court dismissed petition challenge; phasing plan approved 8-1 by city council; construction imminent | New OU arena (basketball + gymnastics), dining district, entertainment venue, retail centers, parking garage. Developer issued notice of default to city (risked $230M lawsuit) forcing the vote forward. | **$600M via TIF (public)** — sales tax revenue from district repays debt. **$400M+ from private donors/investors** — specific private capital partners NOT publicly identified. 80/20 private/public split claimed. With legal challenges now cleared, capital deployment begins immediately. **Significant private capital opportunity** — $400M+ in private investment needed with no named institutional backers yet. | Mayor of Norman; OU Foundation; "Team Norman" coalition | [KOCO](https://www.koco.com/article/norman-rock-creek-entertainment-district-moves-forward-oklahoma-supreme-court/70236302) / [KGOU](https://www.kgou.org/politics-and-government/2026-02-03/oklahoma-supreme-court-clears-path-for-rock-creek-entertainment-district-construction) |

### 🟡 SIGNIFICANT — Recently Announced / Advancing

| Project | Location | Developer | Est. Cost/Size | Stage | Key Details | Capital/Funding Status | Key People | Source |
|---------|----------|-----------|---------------|-------|-------------|----------------------|------------|--------|
| **Cascadia Entertainment District** | Greeley, CO (Highway 34, west side) | The Water Valley Company / City of Greeley | **Multi-billion est.** (not publicly specified) / 300 acres | Pre-Development Services Agreement approved Apr 2025; construction starting 2026; major components by mid-2028 | 8,600-seat arena (Colorado Eagles, NHL Avalanche affiliate), year-round indoor waterpark resort, full-service conference hotel, regional transit hub, restaurants/shops, ~11,000 housing units. 50 miles north of Denver with highway/rail/DIA access. | **Public-private partnership** — City incentives + Water Valley Company private investment. Multiple future council actions still required (lease agreement, land acquisition, business incentive agreements). Greeley Merge infrastructure project supporting it. Scale suggests major capital partners needed beyond Water Valley. | Martin Lind (CEO, Water Valley Company); Mayor John Gates; City Manager Raymond C. Lee III | [CCD Magazine](https://ccdmag.com/latest/greeley-eagles-development/) |
| **USF Fletcher District** | Tampa, FL (former Claw golf course, USF campus) | ACE Fletcher LLC (Capstone Development Partners, Capstone Communities, Aureate Development, Ellison Development) / USF | **$268M** / 138 acres (Phase 1: 27 acres) | Approved by FL Board of Governors Nov 2025; **groundbreaking early 2026** | P3 mixed-use: 700 student housing beds, 150 market-rate multifamily, 150 cottages, hotel, research facilities, conference space, retail. $509M rental revenue to USF over 40 years. Long-term ground subleases. | **Primarily private investment** through ACE Fletcher LLC consortium. P3 structure with university. Development team already assembled (4-company JV). Less entertainment-focused — more academic/institutional mixed-use. | USF Board of Trustees; ACE Fletcher LLC partners | [BldUp](https://www.bldup.com/posts/approved-mixed-use-district-poised-to-transform-usf-campus-landscape-with-2026-groundbreaking) |

---

### Updated Capital Opportunity Scoring

**Added to Tier 1 — ACTIVE CAPITAL NEEDS:**
- **Rock Creek Entertainment District, Norman, OK** — $1B project with $400M+ private capital needed and NO named institutional backers. Legal clearance just granted Feb 3, 2026. Construction timeline is urgent (developer already issued default notice). Ground-floor opportunity for private capital/equity partner.

**Added to Tier 2 — POSSIBLE CAPITAL/PARTNER NEEDS:**
- **Cascadia, Greeley, CO** — 300-acre mega-district with arena, waterpark, hotel, 11,000 housing units. Multiple council approvals still needed. Water Valley Company likely needs JV partners for scale of this build-out.

---

*Report compiled from public sources. Capital status assessments are analytical inferences — verify directly with principals before outreach.*

---

## 🆕 NEW FINDS — February 6, 2026 Scan

### Updates to Existing Projects

| Project | Update | Source |
|---------|--------|--------|
| **KC Chiefs Stadium & Entertainment District** | **MAJOR UPDATE:** Wyandotte County Unified Government voted **7-3 on Feb 5, 2026** to approve STAR bond district for Chiefs stadium + entertainment district. 236-acre district near State Avenue (118th–126th St). Pledged revenues: 1% city sales/use tax, 1% county sales/use tax, up to 8% hotel tax — all for up to 30 years of bond repayment. Commissioner Philip Lopez among dissenters, citing incomplete financial information. Mayor Christal Watson supportive. This is the critical local funding mechanism — moves project from agreement to active financing. | [KMBC](https://www.kmbc.com/article/chief-stadium-star-bond-project-approved-wyandotte-county-ks/70262524) |
| **Rock Creek Entertainment District, Norman, OK** | New Census data underscores urgency: Norman lost 1,700 high-income households (5,300→3,600) from 2020-2024, ranking 4th worst in U.S. Cleveland County Economic Development Coalition CEO Lawrence McKinney says the district's ~1,800 jobs will target 25-44 age workforce talent. Supreme Court clearance confirmed, completion target 2029. **$400M+ private capital still needed with no named institutional backers.** | [KOCO](https://www.koco.com/article/norman-aims-retain-high-income-families-new-entertainment-district/70260454) |

### 🟡 NEW — Significant Finds

| Project | Location | Developer | Est. Cost/Size | Stage | Key Details | Capital/Partner Status | Key People | Source |
|---------|----------|-----------|---------------|-------|-------------|----------------------|------------|--------|
| **Las Vegas Commercial Center District Redevelopment** | East Las Vegas, NV (Historic Commercial Center) | Clark County / **Insomniac Events** (potential buyer) | **$15M+** (Insomniac renovation alone) / plaza redevelopment | Demolition underway (Feb 2026); Insomniac in negotiations | Redevelopment of historic Commercial Center plaza into cultural/community hub. Clark County Arts & Cultural Center planned. **Insomniac (EDC producer) looking to purchase events center — $15M renovation, 5,000-capacity live entertainment venue, 2 events/week (~10,000 attendees/week).** Apartments and improved parking also part of plan. | **ACTIVELY SEEKING INVESTORS** — Commissioner Tick Segerblom told businesses at town hall that county "might have an investor" in Insomniac. Deal not finalized. Mixed public/private structure. Insomniac is a Pasquale Rotella company (Live Nation subsidiary). Surrounding district redevelopment capital structure TBD. | Commissioner Tick Segerblom; Pasquale Rotella (Insomniac, implied) | [KTNV](https://www.ktnv.com/news/demolition-begins-on-the-las-vegas-historic-commercial-center-district) |
| **Belton Entertainment & Retail District** | Belton, MO (163rd & Turner Road, north side) | City of Belton / TBD developer | Est. multi-hundred million / 600+ homes + 130,000 SF entertainment | Community input phase (Jan-Feb 2026); seeking developers | 600+ homes, 130,000 SF entertainment area, retail & dining district. City pop. 25,420, projected +5,000 by 2050. Running parallel with downtown Main Street revitalization. City "seeking developers with small-town sensibilities." | **SEEKING DEVELOPER PARTNERS** — City actively soliciting developers for both the 163rd St entertainment district and downtown revitalization. Early-stage planning — ground-floor opportunity for development partnerships. TIF or incentive structure likely but not yet announced. | Mayor (unnamed in coverage); Wanda Thompson (City Council); Patty Johnson (Main Street Coalition President) | [KSHB](https://www.kshb.com/news/local-news/missouri/cass-county/belton-residents-voice-hopes-for-revitalized-downtown-as-city-plans-for-major-expansion) |
| **Ozark United FC Stadium & Entertainment District** | Northwest Arkansas (exact site TBD — shifted from original) | Ozark United FC / TBD development partners | TBD (multi-phase) | Pre-development; site shift from original land; design/permitting in progress | Professional soccer stadium + surrounding entertainment district. Originally targeted 2026 play but delayed due to land changes. Actively working on design, permitting, and finding development partners. | **ACTIVELY SEEKING PARTNERS** — Managing Director Wes Harris: "Really trying to find the right partners to help us bring this thing to fruition." Very early stage — development partners, capital partners, and land still being finalized. Ground-floor opportunity. | Wes Harris (Managing Director, Ozark United FC) | [NWA Homepage](https://www.nwahomepage.com/news/ozark-united-fc-releases-project-update-with-new-timeline/) |

### 🟢 MONITOR — Active Developments (Not Capital Opportunities)

| Project | Location | Developer | Update | Source |
|---------|----------|-----------|--------|--------|
| **Centennial Yards** | Atlanta, GA | CIM Group | Chops Lobster Bar (Buckhead Life Restaurant Group) announced as tenant — 13,000 SF in new hotel within entertainment district. Opening late 2026. District adding ~500K SF to 50-acre development. Hotel Phoenix already open. | [Rough Draft Atlanta](https://roughdraftatlanta.com/2026/02/05/chops-lobster-bar-opening-south-downtown-atlanta-centennial-yards/) |
| **Cumming City Center** | Cumming, GA (Atlanta suburb, 40mi N) | Toro Development | New multifamily community within existing walkable mixed-use district with amphitheater for live entertainment. Toro developing residential component. | [Multi-Housing News](https://www.multihousingnews.com/toro-to-develop-multifamily-community-in-atlanta-area-mixed-use-district/) |

---

### Updated Capital Opportunity Scoring

**Added to Tier 1 — ACTIVE CAPITAL NEEDS:**
- **Ozark United FC Entertainment District, NW Arkansas** — Actively seeking development partners per Managing Director. Land, design, and capital all still being finalized. True ground-floor opportunity.

**Added to Tier 2 — POSSIBLE CAPITAL/PARTNER NEEDS:**
- **Las Vegas Commercial Center Redevelopment** — Insomniac in negotiations for 5,000-cap venue ($15M reno). Surrounding district redevelopment capital structure TBD. County-led with private investor interest.
- **Belton, MO Entertainment District** — City actively seeking developers for 130,000 SF entertainment + 600 homes. Very early stage, input sessions ongoing.

**Updated — KC Chiefs:** STAR bonds formally approved by Wyandotte County (7-3 vote, Feb 5). Financing mechanism now in place — project advances from agreement to active development.

---

## 🆕 NEW FINDS — February 8, 2026 Scan

### Updates to Existing Projects

| Project | Update | Source |
|---------|--------|--------|
| **Rock Creek Entertainment District, Norman, OK** | Oklahoma Supreme Court ruling confirmed as final — project fully cleared for construction. Design-build RFP advanced during legal delay; project described as "shovel-ready." OU committed $100M ($25M initial + $75M over 25 years in rent/operating). Arena = $330M of $1.2B total. 80% private / 20% public funding split. **$400M+ private capital still unnamed.** Completion date pushed past 2028 due to 17-month legal delay. | [247Sports](https://247sports.com/college/oklahoma/article/supreme-court-ruling-clears-ways-for-oklahoma-new-arena-273085370/) |
| **Sphere at National Harbor** | Confirmed by multiple sources this week. Partnership: Sphere Entertainment Co., Peterson Companies, State of Maryland, Prince George's County. Second U.S. Sphere venue. 6,000 seats. Full capital structure still TBD beyond $200M in announced state/local/private incentives. | [SAHM Capital](https://www.sahmcapital.com/news/content/sphere-entertainment-co-plans-new-sphere-venue-at-national-harbor-2026-02-03) |
| **Capital One Arena "The Halo"** | MSE unveiled "The Halo" — multi-level hospitality space for 4,500 guests within the **$800M+ arena reinvention**. Debuting ahead of 2027-2028 NBA/NHL seasons. 8 dining concepts, secret lounges, boutique retail, center-court bars. Select Halo tickets starting under $100. Full scope of arena transformation to be revealed summer 2026. | [Pollstar](https://news.pollstar.com/2026/02/05/monumental-sports-entertainment-unveils-the-halo-at-reinvented-capital-one-arena/) |

### 🔴 HIGH PRIORITY — Capital/Partner Opportunities

| Project | Location | Developer | Est. Cost/Size | Stage | Key Details | Capital/Partner Status | Key People | Source |
|---------|----------|-----------|---------------|-------|-------------|----------------------|------------|--------|
| **Roanoke Entertainment District** | Roanoke, VA (Berglund Center) | City of Roanoke / Unnamed private investor | **$330M** ($30M Berglund Center upgrades + $300M casino + amenities) / Berglund Center campus | Very early stage — Mayor pitching concept Feb 2026; needs state General Assembly approval + local referendum | Casino anchor in existing Berglund Special Events Center. Entertainment district with restaurants, hotel, parking deck, community meeting spaces, arena & performing arts theatre upgrades. 900+ permanent jobs ($55-60K avg salary). Developer's philanthropic arm would invest in surrounding neighborhoods. | **ACTIVELY SEEKING PUBLIC APPROVAL** — Private investor approached city Spring 2025 with $330M proposal. $300M from developer, $30M for Berglund upgrades. Requires: (1) VA General Assembly permission, (2) local voter referendum. P3 structure. Developer identity not disclosed publicly — early outreach opportunity. Casino license = massive value creation if approved. | Mayor Joe Cobb; unnamed private investor/developer | [Cardinal News](https://cardinalnews.org/2026/02/04/cobb-the-premise-for-an-entertainment-district/) |

### 🟡 SIGNIFICANT — Recently Announced / Advancing

| Project | Location | Developer | Est. Cost/Size | Stage | Key Details | Capital/Funding Status | Key People | Source |
|---------|----------|-----------|---------------|-------|-------------|----------------------|------------|--------|
| **Kyle Park** | Kyle, TX (south of Austin) | City of Kyle / TBD developers | TBD / 101 acres | **Groundbreaking ceremony Feb 4, 2026** | 101-acre mixed-use development with retail, entertainment, and community amenities. Fast-growing Austin suburb (pop. ~75K, one of fastest-growing cities in TX). | Public-private structure. City-led with developer partners. Specific capital stack not disclosed. Early stage — construction just breaking ground. | Kyle city officials | [KXAN](https://www.kxan.com/news/local/hays/kyle/kyle-holds-groundbreaking-for-mixed-use-development/) |
| **Bolsa Pacific at Westminster** | Westminster, CA (Orange County) | Shopoff Realty Investments | TBD / 83.3 acres (former Westminster Mall) | Mall demolition Q1 2026; entitlements submitted; construction Q4 2026 | 2,250 housing units (for-sale + rental + affordable), 120+ hotel keys, 220,000+ SF retail, 15+ acres open space, promenades, walking trails. Massive mall-to-mixed-use conversion. | **Shopoff Realty** is established private developer (Irvine-based). Acquired full 83.3-acre site across 3 transactions (2022-2026). Washington Pacific Group was seller for latest parcel. Scale of 2,250 units + hotel + 220K SF retail likely requires capital partners/JV for construction financing. | Shopoff Realty Investments; Lee Aarons (Land Advisors) | [REBusiness](https://rebusinessonline.com/shopoff-realty-investments-buys-balance-of-westminster-mall-in-california-for-mixed-use-redevelopment-project/) |
| **Simon Property Group $250M Luxury Redevelopment** | Nashville, TN / Denver, CO / Tampa, FL | Simon Property Group (NYSE: SPG) | **$250M+** across 3 properties | Construction starting 2026 | Redevelopment of Mall at Green Hills (Nashville), Cherry Creek Shopping Center (Denver), International Plaza (Tampa). 50,000 SF open-air addition at International Plaza. Luxury flagship spaces, exterior expansions, upgraded finishes. Follows Simon's full acquisition from Taubman Realty Group. | **Internally funded** — Simon is largest U.S. retail REIT. SPG gained 3.26% on announcement. Recently issued $800M in senior notes (Jan 2026). Well-capitalized. Monitor for tenant/vendor opportunities. | Simon Property Group | [Stock Titan](https://www.stocktitan.net/news/SPG/transforming-the-future-of-luxury-retail-simon-announces-major-yaln07f15qnc.html) |

### 📈 MARKET INTELLIGENCE — Sports x Real Estate Investment Convergence

**Sports Business Journal (Feb 2, 2026)** published major feature on new investor categories flooding into sports mixed-use developments:

- **Family Offices** — Increasingly active in sports real estate. Long time horizons, community focus, innate RE understanding. "When you've met a family office, you've literally met one family office" — Kyle Israel, Momentous Sports.
- **Private Equity** — 7-10 year return horizon. Arctos Partners hired stadium dev exec Thad Sheely (Aug 2025). KKR acquired Arctos for $1.4B (Feb 4, 2026). PE firms + national RE developers trying to form JVs for sports mixed-use but "having a very hard time figuring out how to come together" — Marley Hughes, Magnolia Hill Partners.
- **Hybrids** — Momentous Sports (born from Magnolia Hill Partners family office, launched Sep 2025) made first investment in USL's Sporting Jax (stadium + mixed-use). Investors include John Elway, Tim Tebow, Blake Bortles, Andrew Cathy (Chick-fil-A heir).
- **REITs** — Nascent but growing. JBG Smith's Monumental Sports partnership was early example. Vici Properties exploring. REIT discipline (yield focus) creates tension with sports development timelines.

**Key Takeaway:** The void between sports and real estate is filling fast with new capital, but partnership structures remain immature. Massive opportunity for intermediaries, advisors, and developers who can bridge both worlds.

| Source |
|--------|
| [SBJ](https://www.sportsbusinessjournal.com/Articles/2026/02/02/the-sports-and-real-estate-industries-mixed-use-intersection-is-drawing-new-investors-to-sports/) |

---

### Updated Capital Opportunity Scoring

**Added to Tier 1 — ACTIVE CAPITAL NEEDS:**
- **Roanoke Entertainment District, VA** — $330M project with unnamed private investor. Needs state legislative approval + referendum. Casino anchor = massive value. Developer not publicly named — potential outreach opportunity before deal structure solidifies.

**Added to Tier 2 — POSSIBLE CAPITAL/PARTNER NEEDS:**
- **Bolsa Pacific at Westminster, CA** — 83.3-acre mall-to-mixed-use. Shopoff Realty acquired full site. 2,250 units + hotel + 220K SF retail = likely needs construction JV partners.
- **Kyle Park, TX** — 101-acre mixed-use, just broke ground. Public-private. Austin growth corridor.

**Key Update — Rock Creek, Norman, OK:** Project confirmed shovel-ready after Supreme Court clearance. $400M+ private capital still without named institutional backers. Most urgent Tier 1 opportunity.

---

## 🆕 February 10, 2026 Scan

### 🔴 HIGH PRIORITY — Capital/Partner Opportunities

| Project | Location | Developer | Est. Cost/Size | Stage | Key Details | Capital/Partner Status | Key People | Source |
|---------|----------|-----------|---------------|-------|-------------|----------------------|------------|--------|
| **Surrey City Centre Arena & Entertainment District** | Surrey, BC, Canada (suburb of Vancouver, 570K pop, 11th-largest Canadian city) | City of Surrey / **RFEOI OPEN — seeking developer, operator, and/or tenant team** | TBD (comparable: Hamilton's TD Coliseum was $215M reno) / 10,000-seat arena + mixed-use district | **RFEOI CLOSING FEB 20, 2026** — shortlist for subsequent RFP | 10,000-seat sports & entertainment arena + surrounding mixed-use entertainment district. City seeking developer/operator/tenant team or consortium. 45% immigrant population (100+ languages). 15 min from U.S. border. Part of growing North American trend of midsized venues in large suburbs. Addendum issued Feb 4. | **ACTIVE RFEOI** — City actively seeking private sector partners. Ground-floor opportunity to get on shortlist for RFP. Submissions close Feb 20, 2026 at 3 PM local time. P3 structure. Contact: Sunny Kaila, Manager Procurement & Payables, (604) 590-7274. | Sunny Kaila (City Procurement); Surrey City Council | [Surrey.ca RFEOI](https://www.surrey.ca/business-economy/tenders-rfqs-rfps/city-centre-arena-and-entertainment-district) / [SBJ](https://www.sportsbusinessjournal.com/Articles/2026/02/09/facilities-news-roundup-mixed-use-experience-helps-a-college-ad-get-hired/) |

### 🟡 SIGNIFICANT — Recently Announced / Advancing

| Project | Location | Developer | Est. Cost/Size | Stage | Key Details | Capital/Funding Status | Key People | Source |
|---------|----------|-----------|---------------|-------|-------------|----------------------|------------|--------|
| **Union Omaha Stadium & Mixed-Use District** | Omaha, NE (downtown, 20 acres) | City of Omaha (stadium owner) / **Hines** (mixed-use developer) / Union Omaha USL | **$540M total** ($140M city-owned stadium + $400M mixed-use district) / 20 acres downtown | TIF approved (final planning approval Feb 2026); targeting 2028 USL season | 6,500-seat stadium (HOK design, leased to Union Omaha USL). Surrounded by $400M mixed-use district developed by Hines — one of the world's largest private RE firms. Part of midsized sports venue trend in growing cities. | **TIF approved** — City owns and finances the $140M stadium. **Hines developing $400M mixed-use** — Hines is massive ($90B+ AUM) but mixed-use development of this scale may include JV capital partners. Worth monitoring for partnership/investment opportunities in the district portion. | Hines; HOK (architect); Union Omaha USL | [SBJ](https://www.sportsbusinessjournal.com/Articles/2026/02/09/facilities-news-roundup-mixed-use-experience-helps-a-college-ad-get-hired/) |
| **Minnesota Hockey Hall of Fame** | Inver Grove Heights, MN (south of St. Paul) | Consumer Science North / MHHF nonprofit / Mortenson + Greiner Construction (builders) | **$70M** / 30,000 SF museum + 48,000 SF arena + 20,000 SF performance space + restaurant/bar | Construction starts 2026, targeting 2028 completion | Combined museum, arena, and performance venue. ESG Architecture designed. Mortenson + Greiner selected as builders. Primarily private financing (donations + private investment) with some state funding. | **MOSTLY PRIVATE/DONATION FUNDED** with state funding component. Not a primary capital opportunity but notable entertainment + sports destination. | Consumer Science North; MHHF nonprofit; Mortenson/Greiner (builders); ESG Architecture | [SBJ](https://www.sportsbusinessjournal.com/Articles/2026/02/09/facilities-news-roundup-mixed-use-experience-helps-a-college-ad-get-hired/) |

### Updates to Existing Projects

| Project | Update | Source |
|---------|--------|--------|
| **Rock Creek Entertainment District, Norman, OK** | **OU hires Roger Denny as AD specifically for mixed-use expertise.** Denny's experience with Cardinals' Ballpark Village was cited as key qualification. Signals OU is prioritizing the $1.1B Rock Creek project as a top institutional priority. With Supreme Court challenge cleared in early Feb and AD now hired for mixed-use chops, project is accelerating. **$400M+ private capital still without named institutional backers — most urgent Tier 1 opportunity.** | [SBJ](https://www.sportsbusinessjournal.com/Articles/2026/02/09/facilities-news-roundup-mixed-use-experience-helps-a-college-ad-get-hired/) / [OU Daily](https://www.oudaily.com/news/ou-athletic-director-roger-denny-rock-creek-entertainment-district-ballpark-village/article_81a75384-2dc9-4334-9c07-79b28a6e8c09.html) |
| **VENU Holding Corp** | Ford Amphitheater (Colorado Springs) named to **Billboard's 2026 Top Music Venues** list as "Top West Coast Amphitheater." Validates VENU's venue portfolio quality. Company (NYSE: VENU) still has $1B shelf registration active. Founded by JW Roth. | [Morningstar/BusinessWire](https://www.morningstar.com/news/business-wire/20260209628507/ford-amphitheater-named-to-billboards-2026-top-music-venues-list) |
| **GBT Realty $1.3B Retail Deployment** | (Previously tracked at surface level) — GBT Realty Corp announced **$1.3B deployment** for build-to-suit retail + shopping center acquisitions over 18 months. CEO Brian Dawson (ex-Hoffman & Associates, developer of The Wharf DC). Key capital partner: **AEW Capital Management**. Also sourcing from family offices + individuals. $500M in lending commitments. Starting 33 projects. Aiming to exceed $3B AUM. While not entertainment-focused, their scale + capital relationships (AEW, family offices) make GBT a potential player/partner in mixed-use entertainment adjacent deals. | [Bisnow](https://www.bisnow.com/national/news/retail/gbt-realty-investing-13b-in-retail-development-acquisition-133060) |

### Updated Capital Opportunity Scoring

**Added to Tier 1 — ACTIVE CAPITAL NEEDS:**
- **Surrey, BC Arena & Entertainment District** — Live RFEOI closing Feb 20, 2026. City seeking developer/operator/tenant consortium for 10,000-seat arena + mixed-use district. 10-day window to submit. Most time-sensitive opportunity on the board.

**Added to Tier 2 — POSSIBLE CAPITAL/PARTNER NEEDS:**
- **Union Omaha Mixed-Use District** — Hines developing $400M mixed-use around new $140M stadium. TIF approved. Hines may seek JV partners for district-scale development.

**Key Update — Rock Creek:** OU hired Roger Denny as AD explicitly for mixed-use development experience. Project accelerating. $400M+ private capital remains unnamed.

---

## 🆕 February 11, 2026 Scan

### Updates to Existing Projects

| Project | Update | Source |
|---------|--------|--------|
| **KC Chiefs Stadium & Entertainment District** | **MAJOR FINANCING UPDATE:** Wyandotte County approved up to **$450M in local sales tax incentives** (Feb 10) — 1% sales/use tax, 93.17% of 1% county sales/use tax, and up to 8% transient guest taxes, diverted for 30 years in the 235-acre stadium district. Vote was 7-3 (Stites, Lopez, Davis dissenting). County estimates $488M generated, netting at least $38M over 30 years. Separately, **Olathe City Council** approved **$300M** in similar tax diversions for the 165-acre HQ/training campus. **Bond Buyer confirms: Bank of America + Wells Fargo as lead underwriters**, PFM as financial advisor, Gilmore & Bell as bond counsel. STAR bonds priced late 2026/early 2027. Attorney representing Chiefs projects bonds could be paid off in 15-20 years. Total local incentive commitments now ~$750M across Wyandotte + Olathe. Significant community opposition at public hearing — residents cited concerns about billionaire subsidies, infrastructure costs ($396M), and diversion from roads/schools. | [Johnson County Post](https://johnsoncountypost.com/2026/02/10/unified-government-sales-taxes-chiefs-stadium-279492/) / [Bond Buyer](https://www.bondbuyer.com/news/kansas-local-governments-ok-tax-revenue-for-nfl-chiefs-projects) / [KC Star](https://www.kansascity.com/news/local/wyandotte-county/article314652574.html) |
| **Chicago Bears Arlington Heights District** | **INDIANA COMPETITION ESCALATING:** Portage, IN Mayor Austin Bonta offering **300 acres of free land + rent-free stadium** via private financing partner ("Hallas Harbor" proposal, 40 miles from Soldier Field). Gary, IN offering 3 separate sites. Indiana legislature pushing to finalize multibillion-dollar publicly-owned stadium deal before legislative break end of Feb. Sports transaction specialist Marc Ganis says IL deal stalled because "Bears do not have property tax certainty — lenders won't lend." Decision expected "within weeks." If Bears leave IL, the $5B Arlington Heights district is dead. If they stay, Bears "would be loyal to fans and should get credit." Critical watch period. | [CBS Chicago](https://www.cbsnews.com/chicago/news/portage-indiana-new-bears-stadium-site-proposal/) |

### 🟡 NEW — Noteworthy Projects

| Project | Location | Developer | Est. Cost/Size | Stage | Key Details | Capital/Partner Status | Key People | Source |
|---------|----------|-----------|---------------|-------|-------------|----------------------|------------|--------|
| **Hard Rock Hotel & Casino San Juan** | San Juan, Puerto Rico | Misla Hospitality / Stonecrest Investment Management / The Interfin Companies / Hard Rock International | **$850M** / 415 rooms, 58 suites, 186 branded residences | Announced Feb 2026; **construction starting mid-2026**, opening 2029 | First Hard Rock Hotel & Casino in Puerto Rico. Full-scale casino, Rock Spa, 3 pools, fitness center, kids' club, multiple restaurants/bars. Waterfront location overlooking San Juan Bay & Atlantic Ocean. Designed by Klai Juba Wald + CMA Architects. 2,500 construction jobs + 1,250 permanent. | **Multi-party JV** — Misla Hospitality, Stonecrest Investment Management, and Interfin Companies co-developing. Governor González-Colón highlighted as vital to economic development. Capital structure not fully disclosed — $850M across 3 partners likely requires additional debt financing. Not a primary capital opportunity but notable for scale. | Governor Jenniffer González-Colón; Misla Hospitality; Stonecrest Investment Management; The Interfin Companies | [Travel & Tour World](https://www.travelandtourworld.com/news/article/puerto-rico-set-to-open-hard-rock-hotel-and-casino-san-juan-in-2029-a-eight-hundred-fifty-dollars-million-luxury-resort-blending-culture-entertainment-and-world-class-amenities/) |

### 📊 MARKET CONTEXT UPDATE

**DC Commanders Stadium Campus (RFK Site)** — District committed $33.6M FY26 spending, 40% to local CBEs. Advancing through permitting/design. Already well-capitalized (public). ([WJLA](https://wjla.com/news/local/dc-commanders-stadium-campus-contracts-fiscal-year-budget-small-business-certified-enterprise-cbes-contracts-complex-green-book-washington-sports-teams-projects-contracts))

**Two Rivers, WI — Hamilton Site Redevelopment** — Community visioning sessions underway for former Hamilton Manufacturing site (demolished 2010s). Residents discussing mixed-use options including entertainment. Very early stage — no developer, no cost estimate, soil testing and rezoning in progress. Monitor only. ([NBC 26](https://www.nbc26.com/tworivers/two-rivers-seeks-community-input-on-major-redevelopment-of-former-hamilton-site))

**Tier 1 priorities unchanged.** Most urgent: **Surrey BC RFEOI closing Feb 20** (9 days), **Rock Creek Norman OK** ($400M+ private capital still unnamed, shovel-ready).

---

## 🆕 February 12, 2026 Scan

### 🔴 HIGH PRIORITY — Capital/Partner Opportunities

| Project | Location | Developer | Est. Cost/Size | Stage | Key Details | Capital/Partner Status | Key People | Source |
|---------|----------|-----------|---------------|-------|-------------|----------------------|------------|--------|
| **Halas Harbor (Chicago Bears Stadium & Entertainment District)** | Portage, IN (Burns Waterway lakefront, 47 mi SE of Chicago Loop) | City of Portage / Lou Weisbach (private financier) / Chicago Bears (target tenant) | **$5B** / 300 acres (city-owned land) | Proposal unveiled Feb 11, 2026; **shovel-ready, could break ground June 2026** if Bears commit | NFL stadium + mixed-use entertainment district. Multi-venue space with "elite hospitality, mixed-use residential." Named after Bears founder George Halas. Competing with Arlington Heights ($5B), Gary (3 sites), Hammond (Wolf Lake), and now Iowa. Mayor pitching "sail-gating" with lakefront access. | **FULLY PRIVATELY FINANCED** per Portage — Lou Weisbach (Chicago businessman) partnering to finance. "Zero taxpayer burden, zero debt on the team." Indiana legislature fast-tracking enabling legislation before session ends (weeks away). Governor "determined to get the Bears." But $5B fully private with no team commitment = massive capital gap if Bears don't bite. If Bears DO commit, this becomes one of the largest privately-financed sports entertainment projects in U.S. history. | Mayor Austin Bonta (Portage); Lou Weisbach (private financier); IN Gov. | [CBS Chicago](https://www.cbsnews.com/chicago/news/portage-indiana-new-nfl-stadium-bears/) / [Crain's Chicago](https://www.chicagobusiness.com/sports/portage-unveils-5b-indiana-stadium-bid-chicago-bears) / [Inside Indiana Business](https://www.insideindianabusiness.com/articles/portage-unveils-plan-for-halas-harbor-to-attract-chicago-bears) |
| **Tampa Bay Rays Ballpark & Champions Quarter** | Tampa, FL (Hillsborough College Dale Mabry campus, 113 acres) | Tampa Bay Rays / Hillsborough County / City of Tampa | **$2.3B** (ballpark + mixed-use) / 113 acres | Renderings released Feb 11, 2026; MOU with Hillsborough College for 99-year lease | 31,000-seat ballpark (smallest permanent MLB stadium) for 2029 season + "Champions Quarter" mixed-use: hotels, retail, multifamily, sports/health, commercial, restaurants, parking. Across from Raymond James Stadium. Populous-led design team (+ Gensler, Kimley-Horn, Beck, Walter P Moore). | **SPLIT FINANCING** — Rays pay at least 50% of stadium + all overruns/maintenance. Hillsborough County + City of Tampa split remainder. **All mixed-use elements privately financed.** No contractor named yet. Previous Mortenson deal ($1.3B St. Pete plan) scrapped when new ownership took over Sep 2025. Significant private capital needed for mixed-use district — no developer named for Champions Quarter. | Rays new ownership group; Populous (architect); Gensler; Hillsborough College | [ENR](https://www.enr.com/articles/62510-rays-reveal-renderings-of-new-tampa-ballpark-mixed-use-development) |
| **Dallas Mavericks Entertainment District** | Dallas, TX (current City Hall site, downtown) | Adelson-Dumont family (Mavericks owners) | Multi-billion (est.) / City Hall campus site | Very early concept — City exploring City Hall demolition due to $595M repair costs; Adelson-Dumont proposing entertainment district replacement | "Full-blown entertainment district" surrounding new Mavericks arena, potentially including a **casino** (Miriam Adelson actively lobbying for TX casino legalization). I.M. Pei-designed City Hall could be razed. Would fill 27.2% office vacancy + AT&T departure void downtown. Irving also competing with Las Vegas Sands Corp arena site. | **EXTREMELY EARLY — SPECULATIVE** but massive if casino legalization passes in Texas. Adelson family (Las Vegas Sands fortune) has deep pockets. Casino license in TX would be transformative ($B+ value). Competing proposals from Irving (Las Vegas Sands). Legislative session is key. | Adelson-Dumont family (Mavericks owners); Miriam Adelson; Dallas City leadership | [Archyde](https://www.archyde.com/dallas-city-hall-may-be-razed-for-a-new-entertainment-district/) |

### 🟡 SIGNIFICANT — Recently Announced / Advancing

| Project | Location | Developer | Est. Cost/Size | Stage | Key Details | Capital/Funding Status | Key People | Source |
|---------|----------|-----------|---------------|-------|-------------|----------------------|------------|--------|
| **Kingsbridge Armory Mixed-Use** | Bronx, NY (Kingsbridge) | Live Nation / City of New York | Multi-hundred million (est.) / historic armory building | Planning/study phase (Feb 2026) | **17,000-person Live Nation concert venue** + potential 5,000-person underground venue + up to **500 new affordable apartments** across the street. Gensler + Blueprint Studios designing. Would transform long-dormant Bronx landmark into massive entertainment + housing complex. Local craft beer and community programming emphasis. | Capital structure not disclosed. Live Nation + City partnership. Scale suggests significant public + private investment. Affordable housing component likely needs LIHTC/HDC financing. Live Nation would be anchor tenant/operator. Ground-floor opportunity to be part of development consortium. | Live Nation; Gensler; Blueprint Studios; NYC | [Curbed](https://www.curbed.com/article/kingsbridge-armory-live-nation-bronx-club-community-center.html) / [Gothamist](https://gothamist.com/news/early-addition-local-craft-beer-and-a-17k-person-dance-floor-could-be-coming-to-the-bronx) / [BizBash](https://www.bizbash.com/event-venues/event-venue-news-for-february-2026) |
| **Roanoke Entertainment District** | Roanoke, VA | City of Roanoke / Unnamed private investor | **$330M** | Continuing to push concept (Feb 11); needs VA General Assembly + referendum | Casino-anchored entertainment district at Berglund Center campus. City leadership actively pitching in Feb 2026. 900+ permanent jobs. Requires state legislative approval + local voter referendum. | **ACTIVELY SEEKING APPROVAL PATH** — previously tracked, now city leadership intensifying public push. $300M from unnamed developer, $30M Berglund upgrades. P3 structure. | Mayor Joe Cobb | [WFXR](https://www.wfxrtv.com/news/roanoke-city-continues-to-mull-future-options-for-berglund-center-property/) |
| **OC Vibe District — Katella Commons** | Anaheim, CA | OC Vibe / Honda Center ownership | Part of **$4B** OC Vibe district / 100 acres | Under construction; 6 new bar concepts + 21 kitchens announced Feb 11 | 50,000 SF Katella Commons market hall beneath "The Weave" mass-timber office building. 6 bar/lounge concepts (Bar Bacchia, Vesper Lounge, Barrel Bar, Rea's Ranch, etc.) + 21 chef-driven kitchens. Chef Rémi Lauvand consulting. Part of 100-acre district surrounding Honda Center. | **Well-capitalized** — $4B district already approved and under construction. Interior build-outs progressing. Monitor for tenant/vendor opportunities. | Nick Pacific (VP Katella Commons Ops); Chef Rémi Lauvand | [FOX LA](https://www.foxla.com/news/oc-vibe-anaheim-katella-commons-bars-announcement) |
| **Kyle Park** | Kyle, TX (I-35 at Bebee Road, south of Austin) | NewQuest (Steve & Andrew Alvis) / City of Kyle | **$250M** / 100 acres | **Groundbreaking Feb 4, 2026** (updated from prior scan — now confirmed $250M) | 450,000-500,000 SF retail/commercial. Tenants: Dick's, TJ Maxx, HomeGoods, Barnes & Noble, Burlington, Raising Cane's, EOS Fitness, more. 426 multifamily units, green space, playgrounds, walkable lifestyle district. Kohlers Crossing extension. Largest private investment in Kyle history. $2.5M annual sales tax + $1M property tax to city. | **Privately developed** by NewQuest. City partnership for infrastructure. 6 years in the making. Tenants already committed. Well-structured P3. | Steve Alvis, Andrew Alvis (NewQuest); Mayor Yvonne Flores-Cale; City Manager Bryan Langley | [Hays Free Press](https://www.haysfreepress.com/article/26074,city-of-kyle-breaks-ground-on-250-million-mixed-use-development) |

### 🟢 MONITOR — Updates & Active Developments

| Project | Update | Source |
|---------|--------|--------|
| **Chicago Bears Arlington Heights District** | **COMPETITION INTENSIFYING** — Portage, IN "Halas Harbor" $5B proposal unveiled Feb 11 (see above). Gary offering 3 sites. Iowa legislators filed stadium incentive bill. Arlington Heights mayor rallying: "Bears belong to Illinois." Key sticking points: property tax certainty (potential $200M bill) and state infrastructure funding. Decision expected "within weeks." Bears site selection is THE most consequential pending decision in U.S. mixed-use entertainment. | [CBS Chicago](https://www.cbsnews.com/chicago/news/portage-indiana-new-nfl-stadium-bears/) |
| **Camping World Stadium Renovation** | $400M renovation construction began Feb 11 in Orlando. Aimed at attracting Jacksonville Jaguars in 2027 as temporary home during EverBank Stadium rebuild. Not mixed-use entertainment district per se, but stadium infrastructure investment worth monitoring. | [FOX 35 Orlando](https://www.fox35orlando.com/news/construction-begins-400-million-camping-world-stadium-renovation) |
| **Tavros — 250 Water St, Lower Manhattan** | Tavros acquired mixed-use dev site from **Seaport Entertainment Group (NYSE: SEG)** for $143M. 26-story, up to 399 residential units + 200K SF commercial/retail/community. Atlas Capital providing equity. Fogarty Finger as architect. Could expand to 600 units. Seller (SEG) divesting to focus on entertainment portfolio. | [REBusiness](https://rebusinessonline.com/tavros-acquires-mixed-use-development-site-in-lower-manhattan-for-143m/) |
| **Link 56 — Denver** | First residential phase (Stellar at Link 56) construction underway. 214 units by Livmark Communities + Kensington Development Partners. Part of 150-acre master plan: 1,900 units, 250K SF commercial, 27 acres parks. $235M Phase 1 investment. Adjacent to future Target. UK-based IM Properties as capital partner. Not entertainment-focused but large-scale mixed-use in Denver growth corridor. | [Denver Post](https://www.denverpost.com/2026/02/11/denver-link-56-housing-development/) |

### 📊 MARKET INTELLIGENCE

**Qiddiya, Saudi Arabia** — Qiddiya Investment Company announced plans for a landmark horse racing venue in Qiddiya City. Six Flags Qiddiya City already launched. Positions Qiddiya as massive international entertainment/sports destination. Relevant for global entertainment development trend tracking. ([Construction Week](https://www.constructionweekonline.com/projects-tenders/qiddiya-horse-racing-venue))

---

### Updated Capital Opportunity Scoring

**Added to Tier 1 — ACTIVE CAPITAL NEEDS:**
- **Tampa Bay Rays Champions Quarter** — $2.3B project with mixed-use district "privately financed" but NO developer named for Champions Quarter. 113 acres. Renderings just released. Ground-floor opportunity to participate in mixed-use development around a major MLB stadium.

**Added to Tier 2 — POSSIBLE CAPITAL/PARTNER NEEDS:**
- **Halas Harbor, Portage IN** — $5B, claims fully private financing via Lou Weisbach. But Bears haven't committed. If deal materializes, massive entertainment district capital deployment. Speculative but worth monitoring — decision "within weeks."
- **Kingsbridge Armory, Bronx** — Live Nation 17K-person venue + 500 affordable apartments. Development consortium not finalized. City partnership. Housing component needs financing partners.
- **Dallas Mavericks Entertainment District** — Speculative, contingent on TX casino legalization. Adelson family has capital but project is conceptual. High-value watch if legislation advances.

**Tier 1 priorities updated:**
1. **Surrey BC RFEOI** — Closing Feb 20 (8 DAYS LEFT)
2. **Rock Creek, Norman, OK** — $400M+ private capital unnamed, shovel-ready, new AD hired for mixed-use expertise
3. **Tampa Bay Rays Champions Quarter** — NEW. $2.3B, no mixed-use developer named yet
4. **Roanoke, VA** — $330M, unnamed developer, city intensifying push
5. **Forge Atlanta** — $756M Phase 1, actively raising capital
6. **Ole Miss RFP** — Open, seeking developer partner
7. **VENU Holdings** — $1B shelf registration active
8. **Ovation Orlando** — $1B, likely $900M+ equity gap

---

## 🆕 NEW FINDS — February 13, 2026 Scan

### 🔴 HIGH PRIORITY — Capital/Partner Opportunities

| Project | Location | Developer | Est. Cost/Size | Stage | Key Details | Capital/Partner Status | Key People | Source |
|---------|----------|-----------|---------------|-------|-------------|----------------------|------------|--------|
| **Houston Texans Toro District** | Bridgeland (Cypress), TX (NW Houston, between US-290 & I-10) | Howard Hughes Holdings / Houston Texans / Harris County (Precincts 3 & 4) | **$83M initial investment** / 83 acres (22 acres HQ + 61 acres commercial/entertainment) | Harris County Commissioners approved P3 on Feb 12, 2026; TIRZ created; **groundbreaking later in 2026**, open 2029 | NFL Texans HQ + practice facility (22 acres), mixed-use entertainment district with retail, restaurants, hotels, medical office, entertainment, commercial space, community sports fields, 4 new parks, Harris County Community Services Center. Within Bridgeland Central (925-acre emerging core of 11,500-acre MPC, ~50,000 residents). $34B projected long-term economic impact, 17,000+ jobs. | **P3 WITH TIRZ** — Harris County created tax increment reinvestment zone (no direct taxpayer dollars for Texans facilities per Commissioner Briones). Texans participating through affiliate. Howard Hughes Holdings (NYSE: HHH) is parent — publicly traded, $10M+ SF portfolio. **Key question: 61 acres of commercial/entertainment district needs development partners beyond Howard Hughes.** Scale of retail/hotel/entertainment build-out on 61 acres likely requires JV capital. Worth monitoring as district details emerge. | David O'Reilly (CEO, Howard Hughes); Commissioner Lesley Briones (Precinct 4); Commissioner Tom Ramsey (Precinct 3); Cal McNair (Texans owner, implied) | [Bisnow](https://www.bisnow.com/houston/news/construction-development/houston-texans-howard-hughes-partner-on-new-practice-facility-mixed-use-district-133197) / [Community Impact](https://communityimpact.com/houston/cypress/development/2026/02/12/houston-texans-to-build-headquarters-training-facility-in-bridgelands-new-toro-district/) / [Bloomberg](https://www.bloomberg.com/news/articles/2026-02-12/nfl-s-houston-texans-to-shift-hq-to-new-suburban-development) |
| **Baltimore Soccer Stadium & Academy District** | Baltimore, MD (Carroll Park Golf Course, 80 acres, ~2 mi west of entertainment district) | DC United / City of Baltimore / Maryland Stadium Authority / Carmelo Anthony (investor) | **$300M+** ($216.6M state bonds + ~$100M DC United) / 80 acres, 12,000-seat stadium (expandable to 25,000) | Legislation introduced Feb 11, 2026; Mayor Scott endorsed Feb 12; **groundbreaking target 2027** | 12,000-seat soccer stadium (MLS Next Pro affiliate + potential USL Super League women's team), academy, potential mixed-use development on 80-acre site. Carmelo Anthony investing + active partner in women's team. Moody Nolan (prime architect), Pendulum Studio (associated architect). State bill would authorize Maryland Stadium Authority to issue $216.6M in bonds financed by sports wagering revenue. | **ACTIVELY SEEKING STATE LEGISLATIVE APPROVAL** — Bill introduced by Del. Mark Edelson. $216.6M state bonds from sports wagering revenue + $100M DC United contribution. Carmelo Anthony as investor. "Critical moment" per Levien — current legislative session is the window. 80-acre site could anchor much larger mixed-use development — district build-out capital structure TBD. Ground-floor opportunity for development partners on the surrounding 80 acres. | Jason Levien (Co-Chairman/CEO, DC United); Mayor Brandon Scott; Carmelo Anthony; Troy Sherrard (Project Executive); Del. Mark Edelson | [SBJ](https://www.sportsbusinessjournal.com/Articles/2026/02/12/baltimore-mayor-carmelo-anthony-back-dc-united-led-stadium-project/) / [Capital Gazette](https://www.capitalgazette.com/2026/02/12/baltimore-pushes-for-soccer-stadium-pro-teams/) |

### 🟡 SIGNIFICANT — International / Large-Scale

| Project | Location | Developer | Est. Cost/Size | Stage | Key Details | Capital/Funding Status | Key People | Source |
|---------|----------|-----------|---------------|-------|-------------|----------------------|------------|--------|
| **King Salman International Airport Mixed-Use District** | Riyadh, Saudi Arabia | KSIADC (King Salman International Airport Development Company) | Multi-billion (est.) / 12 sq km real estate within 57 sq km airport | MOUs signed Feb 2026 at Private Forum 2026 | Residential, commercial, retail, hospitality, entertainment zones + 3M sq m economic/logistics zones. Part of world's largest airport project. 100M passenger capacity by 2030. Six parallel runways. Part of Saudi Aviation Strategy (330M travelers/yr by 2030). | **Multiple Saudi developer partners signed** — Sumou Holdings, Mohammed Al-Habib Investment, Kinan, Retal, Urjuan, Osus. Government-backed (Vision 2030). Massive scale but primarily Saudi domestic capital. International JV/contractor opportunities possible. | KSIADC; Saudi developer consortium | [Construction Review](https://constructionreviewonline.com/worlds-largest-king-salman-international-airport-signs-major-mixed-use-development-deals/) / [MEED](https://guest.meed.com/king-salman-airport-signs-mixed-use-project-agreements/) |

### Updates to Existing Projects

| Project | Update | Source |
|---------|--------|--------|
| **Halas Harbor / Chicago Bears** | Additional detail from Daily Journal: Mayor Bonta estimates total at $5B with $2B sinking fund. Lou Weisbach described as private financing partner. District would include "walkable retail and dining, mixed-use residential towers, high-rise condominiums with underground tunnel access to the stadium and hospitality infrastructure capable of hosting a Super Bowl." Still contingent on Bears commitment — no team decision yet. Multiple Indiana cities competing (Portage, Gary, Hammond). Iowa also in mix. Decision expected "within weeks." | [Daily Journal](https://dailyjournal.net/2026/02/12/portage-pitches-5b-lakefront-stadium-entertainment-district-to-chicago-bears/) |
| **Sphere at National Harbor** | Sphere Entertainment hitting milestones — ticket sales strong for Las Vegas venue. National Harbor second venue advancing with $200M+ in state/local/private incentives. Full capital structure still TBD. | [TimothySykes](https://www.timothysykes.com/news/sphere-entertainment-co-sphr-news-2026_02_12-3/) |

### 📊 MARKET INTELLIGENCE

**Emerging Pattern: NFL Teams as Entertainment District Anchors** — This week saw multiple NFL-anchored mixed-use developments advancing simultaneously: Houston Texans (Toro District, $83M+), Chicago Bears (4+ competing bids at $5B each), KC Chiefs ($3.3B, STAR bonds + $750M local incentives approved), Buffalo Bills ($2.1B stadium nearing completion). NFL franchises are increasingly positioning their facilities not as standalone stadiums but as anchor tenants for billion-dollar mixed-use entertainment ecosystems. This creates massive capital deployment opportunities in the surrounding development — hotel, retail, residential, entertainment — where the NFL team provides built-in foot traffic and brand value but doesn't directly develop the non-stadium components.

---

### Updated Capital Opportunity Scoring

**Added to Tier 2 — POSSIBLE CAPITAL/PARTNER NEEDS:**
- **Houston Texans Toro District** — 61 acres of commercial/entertainment district needs development partners beyond Howard Hughes. TIRZ in place. Scale likely requires JV capital for hotel, retail, entertainment components.
- **Baltimore Soccer Stadium District** — $300M+ with $216.6M state bonds + $100M DC United. 80-acre site could support much larger mixed-use district. Development partners for surrounding acreage TBD.

**Tier 1 priorities (unchanged from Feb 12):**
1. **Surrey BC RFEOI** — Closing Feb 20 (7 DAYS LEFT)
2. **Rock Creek, Norman, OK** — $400M+ private capital unnamed, shovel-ready
3. **Tampa Bay Rays Champions Quarter** — $2.3B, no mixed-use developer named yet
4. **Roanoke, VA** — $330M, unnamed developer, city push continuing
5. **Forge Atlanta** — $756M Phase 1, actively raising capital
6. **Ole Miss RFP** — Open, seeking developer partner
7. **VENU Holdings** — $1B shelf registration active
8. **Ovation Orlando** — $1B, likely $900M+ equity gap

---

## 🆕 February 9, 2026 Scan

### Updates to Existing Projects

| Project | Update | Source |
|---------|--------|--------|
| **Project Marvel / Hemisfair District, San Antonio, TX** | New coverage of 550 Market Street project by GrayStreet Partners — a 54,306 SF commercial phase (four-building retail plaza) bridging The Monarch Hotel and Lila Cockrell Theatre, approved by Historic Design & Review Commission. Future phases: 28,560 SF hospitality + 163,170 SF residential. Part of broader Hemisfair entertainment district growth surrounding the $1.3B+ Project Marvel arena development. GrayStreet acquired Post Lake Capital Partners' interest and is redesigning the mixed-use component. Not a separate capital opportunity — this is GrayStreet executing within the already-tracked Marvel ecosystem. | [MySA](https://www.mysanantonio.com/business/article/hemisfair-development-downtown-san-antonio-21317840.php) / [CultureMap SA](https://sanantonio.culturemap.com/news/real-estate/550-market-street-approval-hemisfair/) / [BizJournals SA](https://www.bizjournals.com/sanantonio/news/2026/01/22/hemisfair-market-street-retail.html) |

No major NEW mixed-use entertainment developments announced in the past 24 hours. Sunday/weekend news cycle was quiet across all monitored sources (Bisnow, Commercial Observer, The Real Deal, GlobeSt, BizJournals, Blooloop, CoStar, REBusiness, PR Newswire, Business Wire).

**Tier 1 priorities unchanged:**
1. Rock Creek, Norman, OK — $400M+ private capital needed, shovel-ready
2. Roanoke, VA — $330M, unnamed developer, needs legislative approval
3. Forge Atlanta — $756M Phase 1, actively raising capital
4. Ole Miss RFP — Open, seeking developer partner
5. VENU Holdings — Public capital raise via $1B shelf registration
6. Ovation Orlando — $1B project, likely $900M+ equity gap

---

## 🆕 NEW FINDS — February 14, 2026 Scan

### 🔴 HIGH PRIORITY — Capital/Partner Opportunities

| Project | Location | Developer | Est. Cost/Size | Stage | Key Details | Capital/Partner Status | Key People | Source |
|---------|----------|-----------|---------------|-------|-------------|----------------------|------------|--------|
| **Palisades Center Acquisition & Repositioning** | West Nyack, NY (Rockland County, 30 min from Manhattan) | **Black Diamond Capital Management** ($11B AUM alt-investment firm) / **Spinoso Real Estate Group** (operator) | Acquisition price undisclosed (foreclosure auction) / **2.3 million SF** super-regional center | Acquired Feb 13, 2026 via foreclosure auction; repositioning begins immediately | One of the largest shopping & entertainment destinations in the Northeast. 12M annual visits. 70% trade area: 2.2M people, avg HHI $150K+. Black Diamond plans "long-term ownership" with reinvestment in tenant mix and "experiential concepts." Spinoso REG (100+ mall projects, 100M+ SF track record) continues as operating partner — already rebuilt leadership team, implemented institutional standards, advanced capital projects since 2024. | **POTENTIAL CAPITAL/PARTNER OPPORTUNITY** — Black Diamond acquired via foreclosure = below-market basis. Plans to "reinvest" and attract "next generation of flagship retailers and experiential concepts." 2.3M SF in affluent NY suburb = massive canvas for entertainment/experiential repositioning. Black Diamond is a distressed-asset specialist ($11B AUM) — may seek JV partners for specific experiential/entertainment components. Spinoso's track record includes large-scale entertainment/dining repositioning of malls. Worth monitoring for entertainment tenant, experiential concept partnership, or mixed-use densification opportunities. | Stephen H. Deckoff (Founder/Managing Partner, Black Diamond); Carmen Spinoso (CEO, Spinoso REG) | [PR Newswire](https://www.prnewswire.com/news-releases/black-diamond-capital-management-announces-palisades-center-long-term-ownership-and-operational-plans-302687819.html) / [Morningstar](https://www.morningstar.com/news/pr-newswire/20260213ny87898/black-diamond-capital-management-announces-palisades-center-long-term-ownership-and-operational-plans) |

### 🟡 SIGNIFICANT — Recently Announced / Advancing

| Project | Location | Developer | Est. Cost/Size | Stage | Key Details | Capital/Funding Status | Key People | Source |
|---------|----------|-----------|---------------|-------|-------------|----------------------|------------|--------|
| **Bolsa Pacific at Westminster (UPDATE)** | Westminster, CA (Orange County) | Shopoff Realty Investments | TBD / **83.8 acres** (former Westminster Mall, built 1974) | Mall demolition by end of Q1 2026; entitlements submitted; **construction target Q4 2026** | Shopoff acquired Washington Prime Group's ~57-acre holdings, now controls majority of 100-acre mall property. Proposing 2,250 housing units (for-sale, market-rate, affordable), 120+ room hotel, 220,000+ SF retail including food hall, 15+ acres open space & trails. Target store remains open. City's specific plan allows up to 3,000 units. | **Shopoff Realty** is established Irvine-based developer. Scale of project (2,250 units + hotel + 220K SF retail on 83.8 acres) likely requires significant construction financing / JV partners. Multiple parcel acquisitions now consolidated. | William A. Shopoff (President/CEO, Shopoff Realty) | [OC Register](https://www.ocregister.com/2026/02/13/westminster-mall-soon-to-be-demolished-2250-unit-mixed-use-development-proposed/) |

### Updates to Existing Projects

| Project | Update | Source |
|---------|--------|--------|
| **Houston Texans Toro District** | Additional coverage confirms details from Feb 13 approval. The Real Deal describes Toro District as "83-acre mixed-use entertainment hub." Howard Hughes CEO David O'Reilly called it "a statement about where Houston is going." $34B projected long-term economic impact. 17,000+ jobs. Bank of America & Wells Fargo as lead underwriters for KC Chiefs STAR bonds (separately — confirms Wall Street institutional interest in sports-entertainment P3 financing structures). Texans HQ: 175,000 SF headquarters + 150,000 SF indoor fieldhouse. Groundbreaking 2026, opening summer 2029. | [The Real Deal](https://therealdeal.com/texas/2026/02/13/houston-texans-howard-hughes-team-up-on-83-acre-hq/) / [Click2Houston](https://www.click2houston.com/sports/2026/02/12/texans-planning-state-of-the-art-team-training-facility-sports-and-entertainment-complex-in-bridgeland/) |
| **Time Out Market — India Expansion** | QDL (Quasar Destinations Limited) secured exclusive multi-year option to operate Time Out Markets across India, starting with 24,500 SF lease at Delhi Aerocity Worldmark development. Signals global expansion of experiential food hall + entertainment concept into high-growth markets. Not a direct capital opportunity but validates experiential retail as asset class. | [WhalesBook](https://www.whalesbook.com/news/English/real-estate/Time-Out-Market-Eyes-India-Entry-at-Delhis-Aerocity-Hub/698ee80348d8f5c5fee4e101) |

### 📊 MARKET INTELLIGENCE — February 14

**Immersive Technology in Entertainment** — GlobeNewsWire report (Feb 13) projects immersive tech gaming market growing from $18.37B (2025) to $66.59B (2030) at 29.3% CAGR. Relevant to mixed-use entertainment developments incorporating immersive/experiential concepts (Cosm, Sphere, etc.). Validates capital deployment thesis for entertainment-tech integration in physical developments.

**Surrey BC RFEOI Countdown: 6 DAYS LEFT** — Closing Feb 20, 2026 at 3 PM PT. Most time-sensitive active opportunity.

---

### Updated Capital Opportunity Scoring

**Added to Tier 2 — POSSIBLE CAPITAL/PARTNER NEEDS:**
- **Palisades Center, West Nyack, NY** — 2.3M SF super-regional center acquired via foreclosure by $11B alt-investment firm. Plans to reposition with experiential concepts. Affluent NYC-adjacent trade area (2.2M people, $150K+ HHI). May seek entertainment/experiential JV partners for specific components. Below-market acquisition basis = strong return potential.

**Tier 1 priorities (updated countdown):**
1. **Surrey BC RFEOI** — Closing Feb 20 (**6 DAYS LEFT**)
2. **Rock Creek, Norman, OK** — $400M+ private capital unnamed, shovel-ready, new AD hired
3. **Tampa Bay Rays Champions Quarter** — $2.3B, no mixed-use developer named
4. **Roanoke, VA** — $330M, unnamed developer, legislative push continuing
5. **Forge Atlanta** — $756M Phase 1, actively raising capital
6. **Ole Miss RFP** — Open, seeking developer partner
7. **VENU Holdings** — $1B shelf registration active
8. **Ovation Orlando** — $1B, likely $900M+ equity gap

---

*Report compiled from public sources. Capital status assessments are analytical inferences — verify directly with principals before outreach.*