CANTON, Ohio, Jan. 13, 2020 /PRNewswire/ -- HOF Village,
LLC (HOFV), the owner of the premier sports, entertainment and
media enterprise surrounding the Pro Football Hall of Fame in
Canton, Ohio, today announced that
it has secured multimillion dollar funding from Constellation to
implement energy efficiency measures and finance construction of
the Constellation Center for Excellence, further advancing Phase II
of the development of the Johnson Controls Hall of Fame Village.
Constellation, a subsidiary of Exelon Corporation (Nasdaq: EXC) and
a leading competitive energy company, is providing the funding
through its Efficiency Made Easy (EME) program, which will enable
the HOFV to install energy efficient technology and systems without
any upfront capital expense.
As part of a multi-year naming rights agreement announced in
January 2019, Constellation is the
official energy provider of HOFV and the Pro Football Hall of Fame,
and has employed its EME program to help the Johnson Controls Hall
of Fame Village implement infrastructure designed to reduce energy
consumption and advance the project into the next phase of its
development.
"Our relationship with Constellation has provided tremendous,
sustained value for our Company and for our project in Canton, and we are thrilled to expand our
partnership, advancing Phase II development of the Johnson Controls
Hall of Fame Village," said Mike
Crawford, CEO of HOFV. "We look forward to applying the EME
flexible financing solution to energy conservation opportunities
that will decrease our energy costs while positively impacting our
environmental footprint. Additionally, this financing enables us to
finalize the design and commence construction of the Constellation
Center for Excellence, which will create a best-in-class office,
medical and retail asset that offers wellness, discovery and
sport-focused programming to the community."
"Efficiency Made Easy will enable the Hall of Fame Village to
install energy efficient technology such as LED lighting displays,
electric vehicle charging stations, and a state-of-the-art
operations center and pay for those projects over the course of
their energy contract," said Mark
Huston, President of Constellation's National Retail
Business. "As this dynamic initiative continues to take shape,
we're proud to help the Hall of Fame Village manage costs and
realize sustainability goals."
A key element of Phase II of the development of the Johnson
Controls Hall of Fame Village, the Constellation Center for
Excellence will include a variety of sport-centered research and
programming. HOFV will identify tenants who exemplify excellence in
what they do, striving to create an environment of collaboration
that inspires people through design and programming to perform at
their personal best. Potential programming in the 75,000
square-foot office and retail space may include sports research and
will focus on player wellness and the development of the mind and
the body. Constellation plans to utilize the Constellation Center
for excellence to host regional energy conferences and other
customer-focused events.
On September 16, 2019, HOFV
entered into a definitive business combination agreement with
Gordon Pointe Acquisition Corp. (NASDAQ: GPAQ, GPAQU, GPAQW)
that is expected to be completed in the first quarter of 2020. Upon
the closing of the transaction, the combined company will change
its name to Hall of Fame Resort & Entertainment Company and
trade on the NASDAQ stock exchange under the ticker symbol
"HOFV."
About HOF Village, LLC
Johnson Controls Hall of Fame
Village, a development of HOF Village, LLC is a multi-use sports,
entertainment and media destination centered around the Pro
Football Hall of Fame's campus in Canton,
Ohio. It provides a themed sports, entertainment and media
venue to capitalize on the popularity and fandom associated with
professional football and its legendary players. HOF Village, LLC
was founded by the Pro Football Hall of Fame through its wholly
owned, for profit subsidiary Hall of Fame Village, Inc. and
Industrial Realty Group, LLC.
About Gordon Pointe Acquisition Corp.
GPAQ is a
special purpose acquisition company formed by Mr. James Dolan. GPAQ raised $125 million in its initial public offering in
January of 2018. Additional information can be found at
www.gordonpointe.com.
About Constellation
Constellation is a leading
competitive retail supplier of power, natural gas and energy
products and services for homes and businesses across the
continental United States.
Constellation's family of retail businesses serves approximately 2
million residential, public sector and business customers,
including three-fourths of the Fortune 100. Baltimore-based Constellation is a subsidiary
of Exelon Corporation (Nasdaq: EXC), the nation's leading
competitive energy provider, with 2018 revenues of approximately
$36 billion, and more than 31,000
megawatts of owned capacity comprising one of the nation's
cleanest and lowest-cost power generation fleets. Learn more at
www.constellation.com or on Twitter at @ConstellationEG.
CONTACT:
Anne
Graffice
HOF Village, LLC Media Inquiries
330-458-9176
Anne.Graffice@hofvillage.com
Jacques Cornet
HOF Village, LLC or Gordon Pointe Investor Inquiries
646-277-1285
Jacques.Cornet@icrinc.com
Will Swett
HOF Village LLC, or Gordon Pointe Investor Inquiries
646-677-1818
Will.Swett@icrinc.com
Dave Snyder
Constellation Media Inquiries
410-470-9700
David.Snyder@constellation.com
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SOURCE Gordon Pointe Acquisition Corp.