The size of a new amphitheater in Irvine’s Great Park is in flux, as the city council moved Feb. 14 to postpone a vote on the issue until the end of February.
The city last September approved a $130 million agreement with music and venue management company Live Nation for a 14,000-seat amphitheater, where the city would pay $110 million and Live Nation, $20 million. The new venue would replace the temporary FivePoint Amphitheater currently at the location.
But according to Irvine City Manager Oliver Chi, Live Nation is trying to reconfigure the deal in a variety of ways and costs have now increased by $20 million for the project, which, he said, “would shift significant increased costs and amphitheater design responsibilities to the city.”…