Oak View Group (OVG) has struck a deal with Risanamento and Lendlease to construct and operate a new arena in the Santa Giulia area of Milan, Italy.
OVG has partnered with Live Nation to build and run the arena, which will host world-class sports and entertainment events.
The new privately funded venue provides a significant boost to Milan-Cortina’s bid for the 2026 Winter Olympicand Paralympic Games and would host the Olympic Ice Hockey tournament.
The Santa Giulia Arena is OVG’s first project outside the United States and follows the launch of OVG International in March this year.
Tim Leiweke, co-founder and chief executive of OVG, said:
We’re delighted to announce our first European partnership, bringing a state-of-the-art entertainment facility to Milan. 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.
Oak View Group and Live Nation have years of experience working together and are the ideal partners to deliver and run the Santa Giulia Arena.
We’re looking forward to working with Risanamento and Lendlease as part of their major regeneration project, and to announcing more European partnerships soon.