Nederlander, Live Nation and Bruce Springsteen Host Theatre Receive Millions in SBA Grants

Concert promoter Danny Wimmer Presents among those to receive SBA Grant

By DONNA BALANCIA

The Nederlander Organization, James Nederlander Inc., and Live Nation’s The Regent Theater in Los Angeles were among top recipients of the SBA Shuttered Venue Operators Grants, according to documents published by the Small Business Administration this week.

Nederlander, which operates Broadway shows and which produced concert events, was awarded $20 million, with $10 million awarded to Los Angeles-based James Nederlander and $10 million going to Nederlander Organization in New York.

Live Nation, which trades on the New York Stock Exchange under the ticker symbol LYV, was also awarded money, collecting at least $2.46 million for its Regent Theater in downtown Los Angeles.

Additional recipients of Shuttered Venue Operators Grants in the Los Angeles area were listed as:

Golin Theatres Inc., $10 million
Regency Theatres Inc., $9.589 million
Danny Wimmer Presents, $9.413 million
Sterling Venue Ventures, $7.028 million
Laemmle Theatres, LLC, $5.569 million
WERM Investment LLC of Sherman Oaks, $4.895 million
Metroplex Theatres, LLC of Torrance, $4.387 million
Cineconcerts LLC, of Thousand Oaks, $2.788 million
Lodge Room HP LLC, $1.651 million
Laugh Factory Inc., $1.484 million
Ben Bollinger Productions, Inc., $1.41 million

Also in Los the Los Angeles area, Izamaxali LLC, which does business as The Bootleg Theatre, received $622,948; Cafe Fais Do Do Inc. received $152,930 and The Pan African Film & Arts Festival received $276,929.

In Orange County, LFA Group, operator of The Garden Grove Amphitheater received $457,575 and Festival of Arts of Laguna Beach received $4.254 million and Rumba Room Live Anaheim LLC received $1.428 million. In San Diego, Casbah Rock Inc. received $1.05 million; San Diego Theatres got $3.773 million and SD Bayfest LLC received $563,647 million. In Encinitas, the La Paloma Theatre received $262,520.

In New York City, Jujamcyn Theaters LLC, which operates the St. James Theatre, where Bruce Springsteen is expected to resume his widely publicized one-man show, received $10 million, according to the SBA documents.