CORPUS CHRISTI, Texas — Oak View Group, known as OVG 360, updated Corpus Christi city council Tuesday on the financial status and future plans for the American Bank Center, the city’s premier events venue.
The presentation came amid recent leadership changes after the company’s CEO stepped down following an indictment by the Department of Justice.
OVG 360 officials reported that the center hosted more than 250 events in 2024 alone, generating over $10 million in event revenue. However, operating costs exceed $12 million annually, requiring continued investment…