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Stock impact report

VENU Records $6.2 Million in Development Profit through Completion of Sale Leaseback

Venu Holding Corporation (VENU) 
Company Research Source: Business Wire
Transaction Underscores the Strength of VENU’s Disciplined, Scalable Growth Model COLORADO SPRINGS, Colo.--(BUSINESS WIRE)--Venu Holding Corporation ("VENU" or the "Company") (NYSE American: VENU), the visionary owner, operator and builder of upscale live music venues and premium hospitality destinations, announced today it has officially closed on the sale-leaseback of its parking property in Colorado Springs, CO. The property sold for $14 million resulting in a $6.2 million development profit.Referenced in a previous release [link], the 5.5-acre property is home to the primary parking structure that supports operations of the Pollstar-nominated Ford Amphitheater.Under the terms of the sale-leaseback agreement, VENU negotiated a one-time right to repurchase the property within the first three years at a fixed price which would return the asset to its balance sheet. Regardless, the property remains under the full operational control of VENU.“Our business model has always been desig Show less Read more
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