Oak View Group's first European project is proposed Milan 2026 venue
Oak View Group, the entertainment and sports facilities company, has teamed up with Live Nation, the US events promoter and operator, to build an ice hockey arena in Milan that will host the sport if the Italian city's bid to stage the 2026 winter Olympic Games is successful.
OVG, the company behind the successful campaign to bring an NHL ice hockey team to Seattle, and Live Nation will build and run the privately-funded venue, which will be located in Milan's Santa Giulia area.
A 'head of terms' agreement has been signed with property and infrastructure business Risanamento S.p.A and Lendlease to construct the venue, which OVG says will host "world-class sports and entertainment events."
Construction is likely to begin in 2021, with the 17,000-seater venue due to open by 2024.
Tim Leiweke, OVG co-founder and chief executive, said: "The new arena will be an exciting addition for the city and an important part of hosting what would be an inspiring 2026 winter Olympics."
It will mark OVG's first European arena, and follows the launch of the company's international division, based in London, earlier this year. At the time, Leiweke said the business would explore arena and stadium development opportunities outside USA, specifically targeting Europe, Asia, and the Middle East.
Milan, which is teaming up with Cortina d'Ampezzo with a bid for the 2026 winter Olympics, is battling against Stockholm-Are for the right to stage the games. International Olympic Committee members will elect the host city on 24 June in Lausanne, and it emerged today that Giuseppe Conte, Italy's prime minister, will attend the IOC session.
A source told Reuters: “The Prime Minister will come to support the bid of Italy.”
Meanwhile, Ostersund in Sweden has been named as host of the 2020 World Para Biathlon Championships.
The event will run from 11 to 15 March, and will be the first time para biathlon and cross-country are not part of the same World Championships since 1990 in Jackson, USA.
Johan Strid, secretary general of Swedish Para Sport Federation and the Swedish Paralympic Committee, said: ”Sweden is aiming at hosting the Olympic and Paralympic Games in 2026 and we’re extremely happy to welcome the world already next year. We’re sure that the Ostersund 2020 World Championships will be an amazing event for athletes, coaches and all fans.
"Hosting Championships in the Jamtland Region aligns with the Ostersund declaration of being a centre for the evolution of Winter Para Sports and we’re eager to continue that journey together with the Para Sport Movement.”