Dealmaker: JLL to Arrange $3 Billion Financing for Detroit-Area Sports, Entertainment Destination

(Image courtesy of JLL)

JLL Capital Markets, Chicago, has been engaged by Motown Sports Group Holdings Inc. to serve as the exclusive financial intermediary for Motown Sports Village in Romulus, Mich.

JLL represented Motown Sports Group Holdings in securing the engagement to arrange project financing, including senior debt, mezzanine and preferred equity. The initial phase involves sourcing $40 million to $50 million in predevelopment and land financing for the $3 billion development.

JLL’s Debt Advisory team is spearheaded by Senior Managing Director Matthew Schoenfeldt.

Motown Sports Village includes a comprehensive sports and entertainment experience with a 9,000-11,000-seat arena suitable for major tournaments, basketball, volleyball, tennis, gymnastics, concerts and family shows. There’s also a young sports complex, and entertainment amenities including an arcade, bowling, rock climbing and an IMAX theater, in addition to an indoor water and surf park and hotels.