AEG Names Lisa Herzlich To Top L.A. LIVE Post

by laliveinsider on Mon., Sep 25 at 12:00 AM

Denver Marketing Executive to Oversee Key Operational & Development Position for Downtown Sports & Entertainment District Set To Open in Fall 2007

September 25, 2006

Less than one year before the completion and opening of 'phase one' of L.A. Live, the downtown Los Angeles sports and entertainment district currently under construction across from STAPLES Center, Lisa Herzlich has been appointed to a key executive position it was announced by Timothy J. Leiweke, President & CEO, AEG, owners and operators of the $2.5 billion development.

Herzlich, named Sr. Vice President & Managing Director, L.A. Live, will be responsible for the overall operation of the completed project, the implementation and fulfillment of sponsor & tenant obligations, booking of all programming and special events as well as overseeing security, parking and maintenance of the district's common areas in addition to community relations. Herzlich will report directly to Leiweke and Ted Tanner who, as Sr. Vice President Real Estate for AEG, is responsible for land acquisition, construction, tenant acquisition and overall development and build-out of the entire district. Herzlich has also been named to AEG's Executive Committee.

\"No single position will be more critical to the creation, overall operations and ultimately, success of L.A. Live than this job,\" said Leiweke. \"From operations, marketing, community and sponsor relationships to strategic planning, programming and overall management experience and supervision, there is not a single executive I know of who is more suited for this position than Lisa. AEG, L.A. Live and all of our tenants and investors are extremely fortunate to have Lisa in this role.\"

Most recently, Herzlich served as Marketing Director for Denver's Cherry Creek Shopping Center, a 1.1 million square foot district developed and managed by The Taubman Company. In this capacity, she was responsible for implementing a strategic marketing plan for the shopping center which directly led to increased sales productivity. Additionally, she was responsible for leading the Center's management team to achieve superior marketing quality and performance, goal attainment and positive community standing. Among the departments that she directly supervised were community relations, sponsorship sales, customer service, marketing, advertising, tourism, public relations and tenant relations.

\"I have been fortunate to have worked for The Taubman Company, the premier shopping center developer in the country and at Cherry Creek Shopping Center, one of the premier malls in the country and top tourist attractions in Denver, for the past 14 years\" said Herzlich. \"Like Taubman, AEG is a visionary company and I am honored that they asked me to join their team. L.A. Live will be the heart of downtown and will not only draw people from all over L.A. but from all over to visit.\"

L.A. Live, the four million square foot mixed-use development currently under construction on 27-acres in downtown Los Angeles, will create a genuine world-class sports and entertainment destination when the district, spread over six city blocks, opens beginning next fall.

\"Lisa will immediately fill a key position on L.A. Live's development team and bring new, creative ideas to better accommodate and serve our customers, partners and tenants,\" said Tanner. \"Her background will enable her to lend an 'operator's perspective' to the development process while her sales and marketing experience will provide additional insight to the final design of many of the guest amenities still in the design phase. Lisa's presence will ensure the L.A. Live will truly be the heart and soul of the entertainment district and an emerging new community in South Park while continuing to serve the employment and youth programming needs of the community.\"

Nokia Theatre Los Angeles, a 7,100-seat live theatre adjacent to Nokia Plaza, a one-acre open air plaza capable of hosting special events, community gatherings, cultural festivals and live performances and newly created parking structures are the first three components of L.A. Live set to open in October, 2007.

The next 'phase' of L.A. Live will follow approximately 5-7 months later with the completion of Club Nokia - a 2,200 capacity music venue - television and radio broadcast studios to serve as a west coast 'headquarters' for ESPN, The GRAMMY MuseumSM, an audio and visual tribute to the rich history of recorded music as well as one of the world's best-known awards shows, the Lucky Strike bowling lanes, the popular Conga Room restaurant and club, office space and nine restaurants owned and operated by some of Los Angeles' most successful restaurateurs among other assets slated to come \"on-line\". A 15 screen Regal Theatre will open in fall, 2009.

Slated to open in spring, 2010 will be an architecturally stunning, Gensler-designed 54-story tower containing two luxury hotel properties and private residences which will serve as a beacon for L.A. Live. Contained within the two million square foot property located on the corner of Olympic Blvd. and Cherry Street will be the Los Angeles JW Marriott, an 876-room property, which will serve as the headquarters hotel of The Los Angeles Convention Center, and The Ritz-Carlton, Los Angeles, a 124-room boutique hotel.

Above the hotels, and towering over the downtown Los Angeles skyline, will be approximately 225 residential condominiums developed by AEG and KB Urban known as The Residences at The Ritz-Carlton, Los Angeles.

About AEG

AEG is one of the leading sports and entertainment presenters in the world. AEG, a wholly owned subsidiary of the Anschutz Company, owns or controls a collection of companies including facilities such as STAPLES Center, The Forum (as exclusive booking agent for sports and entertainment programming), Toyota Sports Center, Toyota Park, Anaheim Arena (as preferred booking agent), Nokia Theatre Times Square and Nokia Theatre at Grand Prairie; sports franchises throughout the world including the Los Angeles Kings (NHL), Los Angeles Riptide (MLL) and four MLS franchises. In addition, AEG has recently developed and opened The Home Depot Center, a $150 million national training \"campus\" in Carson, California designated as an \"Official U.S. Olympic Training Site\" by the United States Olympic Committee that includes major facilities for soccer, tennis, track & field, cycling, action sports, beach volleyball, basketball and other sports. The company's live entertainment division, AEG LIVE is one of the world's leading concert promotion and touring organization.

AEG is overseeing the development of L.A. Live, a 4 million square foot/$2.5 billion downtown Los Angeles sports & entertainment district featuring Nokia Theatre Los Angeles, a 7,100-seat state-of-the-art live theatre, a 54-story, 1000-room convention \"headquarters\" hotel, Club Nokia, a 2,200 capacity live music venue, a 15-screen Regal Cineplex, \"broadcast\" facilities for ESPN, along with entertainment, restaurant, residential and office space. The company has begun fully developing the 28-acre Millennium Dome and adjacent property located in the eastern part of London along the Thames River and will create The O2, which includes a 23,000-seat arena and over 650,000 square feet of leisure and entertainment use within the \"Dome\" and additional arenas, The O2 World, on a 45-acre site in the heart of Berlin, in Ontario, California and Sprint Center in Kansas City, Missouri as well as a Red Bull Park, a 25,000-seat soccer stadium in Harrison, New Jersey.

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