Riverside approves $120M plan boost for LiveNation amphitheater

RIVERSIDE, Mo. (KCTV) - Plans to build a new amphitheater along the Missouri River receive a big funding boost.

Riverside’s Board of Aldermen approved a plan that allows the city to issue nearly $120 million in bonds for the project during a meeting Tuesday night.

Documents provided to the board of aldermen show LiveNation is expected to pay nearly $95 million of the project’s

The deal also includes about $11 million in savings through a sales tax exemption on the construction materials that will be used to build the amphitheater as well as property tax abatement for 10 years.

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The new 15,000-seat amphitheater is expected to be built northwest of Horizons Parkway and Interstate 635. LiveNation will lease the property from the city for the project.

This is what it is expected to look like.

Live Nation has not indicated when the amphitheater may open, but according to the lease agreement it could be as early as 2025.

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