Venu Closes $60M Sale-Leaseback for McKinney Sunset Amphitheater

Venu Holding Corporation closed a $60 million sale-leaseback of the land and adjacent parking garage for its Sunset Amphitheater at 2000 Gateway Boulevard in McKinney. The buyer is STORE Capital. Proceeds will repay roughly $20 million in bridge financing from Ryan, LLC and fund construction completion. BCA Studios designed the venue; CrossLand Construction Company, Inc. is general contractor.

The amphitheater sits on 46 acres at the northeast corner of US 75 and SH 121. Capacity reaches 20,000, with roughly 5,000 seats in a multi-season configuration. Amenities include approximately 295 premium firepit suites, the Aikman Club members-only lounge developed with Troy Aikman and EIGHT Beer, on-site dining, bars and quick-serve kiosks, and more than 5,000 parking spaces including multi-level garages.

The project broke ground June 13, 2025. The McKinney City Council approved an amended economic development agreement January 6, 2026, extending the timeline to 2027. Completion is expected in March 2027. The projected $300 million investment is expected to generate over $3 billion in economic impact in its first decade.

A canopied roof with heating and cooling allows year-round operation.