The company planning to build a 12,500-seat amphitheater in Northeast El Paso used land it acquired from the city as collateral for a $20 million loan to help finance construction of another amphitheater near Dallas, according to federal securities filings.
Venu Holding Corp., the Colorado-based entertainment company developing the Sunset Amphitheater at the former Cohen Stadium site, borrowed the money in July from Ryan LLC, a Texas-based tax consulting firm and business partner of the company.
The 90-day loan carried an 18% annual interest rate.. To secure it, Venu pledged properties and other assets connected to several projects, including its 20-acre El Paso site…