October 22, 2019
The league’s owners voted in favor of the investment in the Johnson Controls Hall of Fame Village—located in a 200-acre tourism development district—at their fall meeting this week, the Canton Repository reported.
This would mark the NFL’s first investment in the project—although former New Orleans Saints owner Tom Benson gave $11 million before his death in March 2018 at age 90, according to the report. A 23,000-seat stadium, which is part of the village and is used for local games and a concert venue, was built during the project’s $250-million first phase and was named after him.
The second phase of construction is estimated at $268 million and will include two hotels, more youth fields, a field house with convention space, an office building, retail space, and an indoor water park.
The company behind the development, HOF Village LLC, announced in September that it was merging with publicly traded Gordon Pointe Acquisition to create a publicly traded company, pay down the village’s debt, and allow the new company to start with cash on hand, in a deal the companies valued at $390 million.
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