Travels Tuesday: new Savannah arena estimated to cost $165 million

Architectural rendering for Savannah arena project
Savannah will break ground on their new arena in September. (Savannah photo)
Savannah will break ground on their new arena in September. (Savannah photo)

The city of Savannah is set to break ground on a new 10,000-seat arena in September with an estimated completion date of December 2021. The new arena will be close to 260,000 square feet and has an estimated price tag of $165 million.

The project is being funded with $120 million in SPLOST dollars and $45 million in bonds to be paid back with proceeds from the city’s rental motor vehicle tax.

A proposed development in Stockbridge is slated to include a 50,000 square foot convention center and 10,000-seat arena. The Henry County Commissioners approved a development agreement for the project in May, pending the results of a feasibility study. The county has not identified a funding source for the potential venue.