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Long Beach council approves $7.3M increase for waterfront amphitheater; officials say venue will pay back Tidelands fund
Summary
The City Council voted to add $7.3 million to the Tidelands Fund to cover construction and upgraded equipment for a temporary Long Beach Amphitheater, with staff saying the venue will be repaid from net operating profits and generate broader tourism revenue.
The Long Beach City Council on Jan. 6 approved a $7,314,000 increase in the Tidelands Area Fund to cover higher site improvements, an extended pre‑opening period and upgraded furniture, fixtures and equipment for the proposed Long Beach Amphitheater.
City Manager Tom Modica and economic development staff told councilmembers the additional funds respond to market and design refinements — including construction cost pressures, tariffs and added sustainability and transit integration — and that the project will be repaid from venue net operating profit. "This project ... pays for itself, it does not have a subsidy," Modica said during the presentation.
Why it matters: Staff and the operator, Legends Global,…
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