ATLANTA, Ga – Four construction companies will oversee the upcoming $192 million renovation of Philips Arena.
The Atlanta Hawks announced Monday afternoon that Turner Construction, AECOM Hunt, SG Contracting and Bryson Constructors have formed Atlanta Joint Venture, which will serve as construction manager.
Atlanta Mayor Kasim Reed has committed to provide $142.5 million in funds, with the Hawks funding the remainder of the $192.5 million.
According to the Hawks, the renovation will improve the city-owned facility in order to revitalize the arena as a basketball-first, world-class venue that hosts approximately 170 events annually. The Hawks committed to an 18-year lease extension to remain in downtown Atlanta through 2046.
Renovations will begin next summer and completed by the start of 2018-2019 season, coinciding with the Hawks’ 50th Anniversary in Atlanta. The Hawks will play the 2017-2018 season at Philips.
The renovation will include new amenities on every level of the building, 360-degree connected concourses at all levels, improved sightlines and state-of-the-art video throughout the building.
Originally constructed as a multi-purpose facility and opened in 1999, Philips Arena annually ranks among the most-programmed venues in the country, after Madison Square Garden and Barclays Center in New York City and Staples Center in Los Angeles, according to Pollstar’s rankings.
Philips Arena hosts approximately 170 events per year, including most of the biggest musical acts, family shows including the circus and ice shows, and Hawks home games.
Philips employs approximately 1,500 staff per event, including 300 full-time employees and 1,200 part-time employees. More than 1.6 million fans and customers attend events at Philips Arena every year, with those numbers expected to increase significantly in the next two to five years.