News Column

Alpine Valley Music Theater up for sale

August 26, 2014

By Andrea Anderson, The Janesville Gazette, Wis.

Aug. 26--EAST TROY -- Not long ago, talk about expanding camping at Alpine Valley Music Theater began. Now, there's chatter that the outdoor music venue is for sale.

And it is.

Stan Johnson Company, an affiliate of Milwaukee'sZilber Property Group, has listed the property for a mere $8.4 million.

The 198-acre venue is operated by music promoter Live Nation, which is also the tenant. There is about five-and-a-half years left on the lease. Zilber owns the venue.

The annual rent is a $675,000, and comes with "no landlord responsibilities for the maintenance, repair and replacement of the property for the duration of the lease term," the listing notes.

The listing boasts the venue's 37 years worth of history.

Acts such as the Grateful Dead, Rolling Stones and Coldplay have graced the stage.

However, in the last few years only about six artists have come to the venue -- a stark contrast from its upbeat history. Why the drop in business? Well, that's the million dollar question that many hypothesize about.

In July, the Under the Influence Music Tour featuring hip-hop artists including Wiz Khalifa and Young Jeezy cancelled its Aug. 9 performance at Alpine Valley.

The collective of hip-hop artists performed Aug. 5 at Tinley Park in Chicago.

On Saturday, Jimmy Buffett and the parrotheads filled the venue. The week before that, Kiss and Def Leppard performed. These are the only two shows booked this summer.

The venue seats 37,000 and is the second largest amphitheatre in the United States.

This story will be updated.


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Source: Janesville Gazette (WI)

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