![]() ![]() Nearby, the redeveloped Lexington Market had its soft-opening Monday with limited hours and vendors. The change comes as city officials and planners attempt to reinvigorate the city core after a yearslong exodus of businesses and foot traffic that accelerated during the coronavirus pandemic. Tim Leiweke, CEO of Oak View Group, Baltimore Mayor Brandon Scott and recording artist Pharrell Williams stand together after the announcement of the Baltimore Arena's name change to CFG Bank Arena. The investors include Williams, the Baltimore Development Corporation, and NBA star Kevin Durant, who grew up in Prince George’s County and leads a venture capital firm called Thirty Five Ventures. It also will feature new technologies, lighting and acoustic enhancements. The new venue - which no longer will have a permanent stage, allowing it to host more events - is being overhauled with about $200 million in private investment, and will include seats and suites, renovated concourses and concessions areas, and a refurbished exterior. Officials revealed plans to upgrade the arena in June 2021, calling the facility outdated and antiquated. It’s expected to host as many as 120 events a year. ![]() Previously known as the Baltimore Arena, 1st Mariner Arena and the Baltimore Civic Center, the facility has been under renovation for the last several months and plans to start ushering in crowds as early as February. The new name, sponsored by the Baltimore-based CFG Bank, is meant to usher in a new era for the arena. At a star-studded event featuring Pharrell Williams and former Ravens middle linebacker Ray Lewis, Baltimore officials, developers and investors unveiled Monday a new name for what formerly was Royal Farms Arena: CFG Bank Arena. ![]()
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