The team has hired prominent facility adviser CAA ICON to represent the group as it seeks to privately finance and build a 15,000-seat replacement sports arena.
With the competition for San Diego’s sports arena site in full swing, one of the development teams in the running to redo the property has recruited an all-star arena partner to help elevate its bid above the rest.
Monday, the Toll Brothers Housing-led development team, Midway Village+, announced that it’s hired facility adviser CAA ICON to represent the group as it seeks to privately finance and build a 15,000-seat replacement arena alongside thousands of homes on the city’s 48-acre property in the Midway District.
Denver-based CAA ICON is a subsidiary of Creative Artists Agency. It’s what’s known as an owner representative, meaning the firm is directly entrusted, usually by billionaires footing the bill, with carrying out the entire arena or stadium development process, including planning, design, permitting and construction.
“We normally get called in by clients who have unique challenges, whether those are political, league credibility, ... saving a team for a city or really complex engineering projects — like The O2 in London,” said CAA ICON founder and Chairman Tim Romani. “We get called in when the challenges are greatest, and we never shy away from that.”
The agency, for instance, served as developer Oak View Group’s representative for the $1.1 billion Climate Pledge Arena in Seattle. And, more recently, CAA ICON replaced Legends as the owner’s representative for the Los Angeles Clippers’ $1.8 billion Intuit Dome arena project under construction in Inglewood.
Click here to read the full article.