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Famous Alpine Valley Music Theater sold to Florida investor

Alpine Valley.PNG
Posted at 11:54 PM, Sep 03, 2019
and last updated 2019-09-04 00:55:21-04

EAST TROY, Wis — The historic Alpine Valley Music Theater famous for welcoming acts like Dave Matthews Band, the Rolling Stones, the Grateful Dead and Metallica has been sold to a Florida investor, according to the Milwaukee Business Journal.

Musicians from around the world were hosted by Live Nation Entertainment while preforming, a popular concert promotion company. Live Nation has leased the facility until 2030.

Alpine Valley was previously owned by Milwaukee based Zilber Property Group for the last 25 years before being sold for $7.5 million Tuesday, according to online business records.

“We have been proud to own such a wonderful, iconic asset for so many years,” said Jim Borris, president and CEO of Zilber Ltd. “From our perspective, selling Alpine Valley is consistent with our strategy to focus on our core housing, commercial property and apartment businesses.”

Alpine Valley is located on 195 acres in East Troy and can hold about 37,000 people.

The music theater was sold to Consolidated-Tomoka, a Florida real estate investment firm.

Organizers plan to welcome The Who on Sept. 8.

For more information on concerts, click here.