In case you haven't heard, the City of Allen recently announced a joint venture with Global Entertainment Corporation (AMEX:GEE) and The MGHerring Group to build a $50-million event center. This is exciting news as the event center will offer a venue for concerts, top touring shows, family entertainment and professional sports upon its opening (set for fall 2009). The Allen Event Center is set to include 7,500 fixed seats and 26 luxury suites. It will be part of The Village at Allen, a 181-acre mixed-use development of The MGHerring Group, located on the southeast corner of US 75 and Stacy Road. In addition to the event center and a full service hotel, the development features over 1.5 million square feet of retail, restaurant, and office space. The shopping center is scheduled to open October 2008. "A regional event center has been on the Allen City Council's strategic plan for many years," said Allen Mayor Stephen Terrell. "This multi-purpose facility will have a significant ripple effect through our local economy. The public-private partnership of the project will create a first-class entertainment and sports venue without creating an impact to local taxes. " Global Entertainment, an integrated events and entertainment company, has subsidiaries in sports management, arena and related real estate development, facility and venue management and marketing, venue ticketing and branded licensing. It operates the 17-team Central Hockey League from its headquarters in Phoenix. Global Entertainment anticipates approximately 150 revenue generating events in the center each year, with more than 600,000 visitors annually. The facility will also be used for trade shows, community ceremonies, festivals, open rink ice skating, and high school sporting events and activities. Each facility managed by Global Entertainment caters to specific interests of the regional market.

Read more here: http://villageatallen.com/

Ryan Cave, The "Caveman"
Truth, Honor & Personal Integrity
214-789-9366
www.CaveRealty.com