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32-529: Lynnwood, historically a bedroom community of Seattle and nearby Everett , began pursuing a convention center and performing arts venue in the late 1960s. Boosters from the Edmonds Community College attempted to lure a state-sponsored "festival center" in 1977, but failed to garner support over a site near Federal Way . A 3,000-seat arts-and-convention center on the college campus was also proposed in 1980, but failed to receive funds from

64-922: A competing proposal by New York City FC for a new soccer stadium. The new arena was completed in time for the 2021–22 season. In 2016, OVG announced an "Arena Alliance" of independent arenas such as AT&T Center (San Antonio), Scotiabank Arena (Toronto), Amalie Arena (Tampa Bay), BB&T Center (Ft. Lauderdale), Bankers Life Fieldhouse (Indianapolis), Chase Center (San Francisco), PPG Paints Arena (Pittsburgh), KeyBank Center (Buffalo), The Forum (Los Angeles), Golden 1 Center (Sacramento), Little Caesars Arena (Detroit), Madison Square Garden (New York), Ball Arena (Denver), State Farm Arena (Atlanta), Prudential Center (Newark), Rocket Mortgage FieldHouse (Cleveland), Rogers Arena (Vancouver), Enterprise Center (St. Louis), United Center (Chicago), Wells Fargo Center (Philadelphia), and Xcel Energy Center (St. Paul). In 2016, OVG acquired Venues Today,

96-712: A region cannot afford to live where they work and must seek residency in another town with a lower cost of living . The late 20th century, the dot-com bubble and United States housing bubble drove housing costs in Californian metropolitan areas to historic highs, spawning exurban growth in adjacent counties. Workers with jobs in San Francisco found themselves moving further and further away to nearby cities like Oakland, Burlingame, and San Mateo. As rental and housing costs kept increasing, even renters that would normally be considered affluent elsewhere would struggle with

128-620: A renovation of FirstOntario Centre . In November 2021, Oak View Group and Thirty Five Ventures (founded by basketball star Kevin Durant ) reached a 30-year agreement with Baltimore City to operate the city-owned arena, now called CFG Bank Arena . The arena underwent $ 250 million in renovations and reopened in April 2023. In March 2022, OVG announced its largest project to date, a 20,000-seat arena in Las Vegas. The 25-acre site (10 ha)

160-481: A total attendance of 753,000 people. An estimated $ 24.8 million in economic impact was generated by the convention center in 2014. The facility was renamed the Lynnwood Event Center in 2022 as part of plans to develop an entertainment district in the surrounding area. The Lynnwood Event Center is located on 196th Street Southwest , a block west of Interstate 5 in central Lynnwood. It is southwest of

192-618: A trade publication for the live entertainment industry. In 2017, the company purchased Pollstar , a trade publication for the concert industry. In 2018, it was announced that OVG and the University of Texas at Austin (UT) had agreed to build a new $ 338 million arena for the Texas Longhorns men's and women's basketball programs to replace the Frank Erwin Center . Under the agreement, UT has exclusive use of

224-639: Is an American professional sports and commercial real estate company based in Denver . It manages several sports venues, including Climate Pledge Arena in Seattle , which was constructed under the company's supervision. OVG was formed in November 2015, by Tim Leiweke and his business partner, Irving Azoff . The former KeyArena in Seattle was redeveloped in preparation for the Seattle Kraken ,

256-471: Is called commuting , which is where the term comes from. A commuter town may be called by many other terms: " bedroom community " (Canada and northeastern US), " bedroom town ", " bedroom suburb " (US), " dormitory town " (UK). The term " exurb " was used from the 1950s, but since 2006, is generally used for areas beyond suburbs and specifically less densely built than the suburbs to which the exurbs' residents commute. Often commuter towns form when workers in

288-543: Is quite different from North American commuter towns that are almost exclusively the result of transportation by car. Where commuters are wealthier and small town housing markets are weaker than city housing markets, the development of a bedroom community may raise local housing prices and attract upscale service businesses in a process akin to gentrification . Long-time residents may be displaced by new commuter residents due to rising house prices. This can also be influenced by zoning restrictions in urbanized areas that prevent

320-509: The Alderwood Mall , and within the city's planned city center . The convention center has a total floor space of 53,985 square feet (5,015.4 m), and a grand hall that can accommodate 1,200 people. The facility has been managed by Oak View Group since 2022. Bedroom community A commuter town is a populated area that is primarily residential rather than commercial or industrial. Routine travel from home to work and back

352-644: The Brookings Institution in 2006, the term is generally used for areas beyond suburbs and specifically less densely built than the suburbs to which the exurbs' residents commute. Comparatively low density towns – often featuring large lots and large homes – create heavy motor vehicle dependency . "They begin as embryonic subdivisions of a few hundred homes at the far edge of beyond, surrounded by scrub. Then, they grow – first gradually, but soon with explosive force – attracting stores, creating jobs and struggling to keep pace with

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384-537: The Washington State Legislature . In the November 1982 election, voters in south Snohomish County (including Lynnwood and nearby cities) rejected the formation of a special district to develop the arts-and-convention center, and also repealed a local sales tax , planned to be used to fund its construction. The boosters later decided against scheduling another public vote on the arts-and-convention center, and ultimately decided in 1985 to split

416-707: The Holiday Inn location on 128th in Everett and the Chevron gas station on the corner of 44th & 200th St. in Lynnwood. The Chamber of Commerce was instrumental in laying the ground work for the future convention center. A second, major campaign to build an 800-seat, $ 45 million arts-and-convention center in Lynnwood began in 1998. The proposal was sent to local voters in May 1998, with mixed support from politicians, and

448-569: The UK , both the national railway's tracks, trains, stations and real estate were included in the privatization agreements. Japan's privately operated railroads view real estate investment and development of commuter towns as central to their business model. These railroads continuously develop new residential and commercial areas alongside their existing and new routes and stations and adjust their train schedules in order to provide existing and prospective commuters with convenient work-commute routines. This

480-768: The UK, Europe, the Middle East, and Asia. Jessica Koravos, president of Andrew Lloyd Webber ’s Really Useful Group , and formerly MD of Anschutz Entertainment Group Live and COO of AEG Europe, is co-chair of OVG International alongside Tim Leiweke . In February 2019, it was announced that OVG had become the arena manager of Webster Bank Arena, now known as Total Mortgage Arena , in Bridgeport, Connecticut . Oak View Group also will operate Acrisure Arena in Palm Desert, California . Upon completion in December 2022,

512-690: The Union and announced that the OVG would be initiating a season ticket drive on March 1, 2018. OVG manages Climate Pledge Arena. The group is also a partner in UBS Arena with the New York Islanders . In December 2017, New York Arena Partners (a venture of the Islanders, OVG, and Sterling Equities ) won a bid to construct a new, 18,000-seat arena and mixed-used district at Belmont Park , beating

544-680: The arena became the home ice for the Kraken's American Hockey League affiliate, the Coachella Valley Firebirds . In August 2021, it was announced that OVG and Spectra, a venue management company, would be merging to form a full-service live events company. In October 2021, Oak View Group partnered with the Hamilton Urban Precinct Entertainment Group (HUPEG) to redevelop Hamilton, Ontario 's Arts and Entertainment district, including

576-518: The arena for 60 days per year and receives all revenue from Longhorns games, while OVG and its partners Live Nation and C3 Presents have the right to hold events on the other days, receiving the bulk of the revenue from those dates. The arena, ultimately named Moody Center , opened in April 2022. In 2019, OVG launched Oak View Group International. Based in London, it will focus on building arena and stadium development and partnership opportunities in

608-892: The brunt of the public operating budget in higher property or income taxes . Such municipalities may scramble to encourage commercial growth once an established residential base has been reached. In the UK, commuter towns were developed by railway companies to create demand for their lines. One 1920s pioneer of this form of development was the Metropolitan Railway (now part of London Underground ) which marketed its Metro-land developments. This initiative encouraged many to move out of central and inner-city London to suburbs such as Harrow , or out of London itself, to commuter villages in Buckinghamshire or Hertfordshire . Commuter towns have more recently been built ahead of adequate transportation infrastructure, thus spurring

640-592: The city's National Hockey League team. The new arena, named Climate Pledge Arena via a naming rights deal with Amazon is also home to the WNBA 's Seattle Storm . On December 4, 2017, the Seattle City Council voted 7–1 to approve a memorandum of understanding with the OVG for the redevelopment, which built a new subterranean arena on the existing site while retaining the historical landmarked roof and three exterior walls. Demolition and construction for

672-531: The construction of suitably cheap housing closer to places of employment. The number of commuter towns increased in the US and the UK during the 20th century because of a trend for people to move out of the cities into the surrounding green belt . In the United States, it is common for commuter towns to create disparities in municipal tax rates. When a commuter town collects few business taxes, residents must pay

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704-457: The convention center, with 55,000 square feet (5,100 m) of total meeting space, was unveiled to the public in November 2002. The convention center was funded by $ 27.9 million in issued bonds , as well as rebate sales taxes from the state government and hotel-motel taxes collected by the county and city. Construction on the convention center began in October 2003. Howard S. Wright Companies

736-528: The development of roads and public transportation systems. These can take the form of light rail lines extending from the city center to new streetcar suburbs and new or expanded highways , whose construction and traffic can lead to the community becoming part of a larger conurbation . A 2014 study by the British Office for National Statistics found that commuting also affects wellbeing. Commuters are more likely to be anxious, dissatisfied and have

768-760: The need for more schools, more roads, more everything. And eventually, when no more land is available and home prices have skyrocketed, the whole cycle starts again, another 15 minutes down the turnpike." Others argue that exurban environments, such as those that have emerged in Oregon over the last 40 years as a result of the state's unique land use laws , have helped to protect local agriculture and local businesses by creating strict urban growth boundaries that encourage greater population densities in centralized towns, while slowing or greatly reducing urban and suburban sprawl into agricultural, timber land, and natural areas. Oak View Group Oak View Group, LLC ( OVG )

800-514: The new arena began in 2018 and was fully completed in 2021. The company was competing against a rival proposal by Chris Hansen . On December 7, the NHL's board of governors agreed to consider an application for an expansion team from Seattle, with an expansion fee set at $ 650 million. The Seattle ownership group is represented by David Bonderman and Jerry Bruckheimer . On February 20, Mayor Jenny Durkan launched an NHL campaign during her State of

832-420: The projects into two: a performing arts center on the college campus, and a convention center elsewhere in Lynnwood. A ballot measure was attempted again in 1988, but failed because of low voter turnout . In 1995-96 The South Snohomish County Chamber of Commerce, representing over 800 businesses in the county, conducted a feasibility study to build a convention center. Several sight locations were viewed such as

864-475: The prospect of home ownership in an area with higher quality schools and amenities. As of 2003 , over 80% of the workforce of Tracy, California , was employed in the San Francisco Bay Area . In some cases, commuter towns can result from changing economic conditions. Steubenville, Ohio along with neighboring Weirton, West Virginia had an independent regional identity until the collapse of

896-409: The sense that their daily activities lack meaning than those who don't have to travel to work, even if they are paid more. The term exurb (a portmanteau of "extra & urban") was coined by Auguste Comte Spectorsky in his 1955 book The Exurbanites , to describe the ring of prosperous communities beyond the suburbs that are commuter towns for an urban area. However, since a landmark report by

928-522: The steel industry in the 1980s. Steubenville Pike and the Parkway West also created easier access to the much larger city of Pittsburgh . In 2013, Jefferson County, Ohio (where Steubenville is located) was added to the Pittsburgh metropolitan area as part of its larger Combined Statistical Area . In Japan, most of the national railway network was privatized by the 1980s but unlike in

960-453: Was rejected by 75 percent. In 1999, the city government established a public facilities district, a type of local special district that would be able to fund a convention center using a state sales tax rebate. The estimated cost of the 80,000-square-foot (7,400 m) convention center led the city to reconsider its plans in 2000, instead opting for a smaller, 35,000-square-foot (3,300 m) facility costing $ 32 million. The final design for

992-519: Was scrapped in 2008 after the main developer withdrew from negotiations, citing the then-ongoing financial crisis ; by then, the convention center had an annual attendance of 82,000 people. A 155-room hotel was eventually built on the property a decade later under a different developer in conjunction with an eight-story apartment building. In its first decade in operation, the Lynnwood Convention Center hosted over 3,900 events and

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1024-594: Was selected to build the facility, while SMG was awarded the rights to operate it. The convention center opened on April 30, 2005, and immediately came into competition with the Everett Events Center (now Xfinity Arena) in downtown Everett . After completion of the convention center, the Lynnwood Public Facilities District attempted to build a 200-room Hilton Garden Inn hotel on an adjacent property. The proposed hotel

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