Leiweke Promises Change for Arena Economics

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Leiweke Promises Change for Arena Economics

Tim Leiweke shared his vision for Oak View Group and the future of the venue business during VT RISE

by Greg Lehman
   
Published: August 31, 2016

 REPORTING FROM LONG BEACH, CALIF. - Tim Leiweke sees a venue industry in need of change and plans to ignite that change with his newest endeavor, Oak View Group, Los Angeles. His vision for Oak View Group which includes a consortium of big arenas and stadiums is as “a home to some, but a change to all.”

Leiweke, CEO of OVG shared his history and vision of an industry, promising a further rollout of specifics over the next 60 days.

His guiding principle in business is “You have to factor in vision. Vision is as important as feedback from people. Leadership has to have an entrepreneurial spirit.”

A self-proclaimed “arena rat,” Leiweke said that sitting on boards for the National Hockey League and National Basketball Association throughout his industry career which included 15 years with AEG and two with Maple Leaf Sports & Entertainment showed him a lack of concentration on the business of venues. This was especially clear when it came to operations, construction, security and “how best to ultimately realize financial upsides from the buildings,”