from: Justin Sayers, Austin Business Journal
Posted: 10/18/2021 / 3:02 PM CDT
Updated: 10/18/2021 / 3:02 p.m. CDT
Scheme of the Violet Crown Amphitheater (screenshot from the website of International Development Management Co.)
AUSTIN (Austin Business Journal) – The developers hope to add a crown jewel to the Austin area’s already bustling live music scene: a 20,000-seat amphitheater in the center of a 71-acre entertainment and residential development near Bee Cave.
International Development Management Co. intends to open the first pieces of the Violet Crown project in 2023, with the amphitheater expected to open by Labor Day 2023. Two luxurious apartment towers, a distillery and a tasting room in the top golf-style driving range and a parking garage are also planned. The property is northwest of State Highway 71 and the Southwest Parkway.
“Austin is nicknamed the [Live] Music capital of the world. By God, I’m going to cement that with this project, “said IDM President Craig Bryan, who stated that Violet Crown would cost between $ 600 million and $ 750 million to develop.