BDC will also open to redevelopment proposals for the associated city-owned parking garage. The RFP offering includes the surface parking adjacent to the arena at Hopkins Plaza. It’s also adjacent to the former Holiday Inn Baltimore – Inner Harbor site that was sold in 2020. The property is in a key location, close to the Baltimore Convention Center, Camden Yards, and the University of Maryland Baltimore Campus and Medical Center. 3 The venue officially opened on Octoas the Baltimore Civic Center. BDC’s goal is to create a major transformation of the existing Arena into a first-class, modern, entertainment and event venue through either renovation or new construction.” With a seating capacity of 14,000 for concerts, 3 CFG Bank Arena is owned by the City of Baltimore and managed by the Oak View Group, a global sports and entertainment company. Enter Oak View Group and Thirty Five Ventures. But its utility in this modern era has been limited, and it’s been clear changes were needed to compete. It lacks the size or modern amenities to be the home of an NBA or NHL team, and it has not hosted the NCAA Men’s Basketball Tournament since 1995. It has a capacity of 14,000, was built in 1961, and is located at 201 West Baltimore St.īDC says “ the goal of redevelopment is either a major renovation of the existing structure or a newly constructed arena at the current site. Since then the 14,000-capacity arena has played host to a variety of minor-league sports as well as hosting a number of high-profile concerts and events. The current arena has a capacity of 14,000 for concerts and up to 12,289 for basketball, hockey, or soccer. In Maryland, the Baltimore Development Corporation (BDC)-on behalf of the City of Baltimore-has issued a Request for Proposals (RFP) for the redevelopment of the Royal Farms Arena, which is located within an Enterprise Zone.īDC is seeking written proposals from qualified developers for the redevelopment and management of the city-owned property.
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