Ziegler, a specialty investment bank announced the successful closing of the $250,770,000 Legacy Cares, Inc. Project.
Legacy Cares, Inc. (Legacy Cares) is a not-for-profit 501(c)(3) entity that was incorporated in the State of Arizona in 2018. Legacy Cares is an organization dedicated to creating life-changing opportunities for all individuals through access to family entertainment facilities centered on youth sports. Legacy Cares' philosophy is to provide athletes and non-athletes of all ages, economic backgrounds and levels of athletic proficiency, the opportunity to participate in sports while fostering the enjoyment and camaraderie of teamwork and perseverance, key components in athletic competition and lifetime success.
The Legacy Sports Park will be operated by the Oak View Group, one of the largest venue management and event programming company that operates and manages sports parks, arenas, theaters, convention centers, and amphitheaters throughout the United States. Oak View Group is one of Silver Lake Partner's (Silver Lake) portfolio companies. Silver Lake is the global leader in technology investing, with more than $60 billion in combined assets under management.
The Legacy Sports Park will be located on 320 acres in Mesa, Arizona with a target open date of January 2022.
Chad Miller, CEO, Legacy Sports USA stated, "This project is the culmination of years of experience and planning. Legacy Park will transform the youth sports & family entertainment market across the United States. Having a banking partner such as Ziegler, was the critical component in bringing this vision to reality. Their team exemplified the professionalism and experience one would expect from a leader in the industry. We are forever grateful to Ziegler, for all of the time, effort, and dedication they expended in bringing the Legacy Project to fruition."
"On behalf of myself and Legacy Cares, Inc., we are thrilled that the vision of Legacy Sports Park will soon be a reality. This would not have been possible without Miyun Cho Fellerhoff, Tyler Simons and the entire Ziegler team. Thank you for all for your leadership and support in helping to create a Sports and Entertainment complex that will provide so much to athletes and their families in the Valley of the Sun, throughout North America and around the world," stated Douglas Moss, Executive Director Legacy Cares, Inc.
Dan O'Brien, Director, Legacy Cares, Inc. and 1996 Olympic Gold Medalist, Decathlon stated, "Our goal from the beginning was to give back to the community the same way sports has given back to us throughout our entire careers. We at Legacy Cares want to enhance the overall experience for athletes, coaches and their families in today's sporting world. I was lucky enough to wear the USA uniform and represent my family, my community and my country and leave a legacy that people would remember. I want to provide that same opportunities to the next generation of athletes. No one is successful on their own. It takes a team, training partners, a family, a state and sometimes even a country to be successful. A sports park of this magnitude is long overdue on the west coast. Its more than just giving kids a place to play sports, it's about giving them a place to realize their dreams. Thank you to Ziegler Investment Bank and a special thanks to Miyun Cho Fellerhoff and Tyler Simons."
With over 100 years of raising capital for communities nationwide, Ziegler specializes in general municipal and structured finance. Combined with our broad primary market distribution and secondary market issuance, we offer both public and corporate finance, project finance and securitization. With expertise in real estate development, infrastructure finance, public private partnerships, energy and incremental tax-exempt general obligations, our banking professionals customize creative, tailored solutions that meet our clients' strategic and financial goals.