[Source: Phoenix Business Journal]
The Dodge Theatre is boasting a new name as a result of a deal with Comerica Bank.
The newly named Comerica Theatre is a 5,500-seat venue hosting a range of events, from concerts to plays and comedians.
The renaming marks a five-year sponsorship deal between the bank and Live Nation, the firm that books acts inside the property at 400 W. Washington St., Phoenix. Terms of the deal were not disclosed.
Comerica spokeswoman Susan Siravo said the Dallas-based bank has identified Arizona and California as growth markets. Comerica has 17 branches across Arizona with two more scheduled to open in 2011.
Jerry Seinfeld will be the first performer in the renamed theater Oct. 9.
Requests for comment from Comerica and Live Nation officials were not immediately returned.
[Source: Andrew Conlin, Special for The Republic] — For nearly two decades, we’ve heard confident predictions that downtown Phoenix was on the brink of a crucial “tipping point,” when public investment would no longer be needed to generate new development that was both vigorous and self-sustaining. A term like “tipping point” is a kind of mental shorthand, useful in summarizing complex ideas but sometimes misleading when it comes to making decisions or drawing conclusions.
In reality, we won’t see the beginning of a significant shift from public to private investment until downtown achieves the requisite critical mass. This will be the moment when the collective energy generated by the diverse collection of downtown businesses, retailers, residences, entertainment venues, and academic and cultural institutions fuses into the nucleus of an energetic and growing community. Private investors will be drawn to this energy, creating new businesses and helping to further enrich the downtown scene. This will inspire more people to live and work here, generating new opportunities that will draw new investors. This development “chain reaction” will, we hope, be self-sustaining and transformational. [Note: To read the full opinion piece and comments, click here.]
On July 31, Ringo Starr had fun backstage at the Dodge Theatre with Phoenix mayor Phil Gordon, who gave the drummer-singer a key to the city and a proclamation for “Peace and Love Day” before the ex-Beatle took the stage to bring smiles to an adoring audience spanning all ages.
So what happened outside of Dodge Theatre on “Peace and Love Day” in Phoenix, Arizona?
- Arizona solicitation conviction for smuggling upheld
- Phoenix liquor store robbery suspect shot by DPS
- Number of illegal immigrants in Arizona drops, report says
- Sheriff Joe sweeps Phoenix for illegal street food vendors
The next day, August 1, Phoenix’s Police Department did issue some very good news: Reductions in violent and property crimes for the first six months of 2008 were the largest decreases in more than 10 years. Reported incidents of violent crime dropped 8.5% overall, homicides down 25.7%, aggravated assaults down 14.2%; property crimes down 10.4% overall, arson cases down 12%, and motor vehicle thefts down 29%.