CANTON,
Ohio, July 8, 2024 /PRNewswire/ -- Hall of
Fame Resort & Entertainment Company (NASDAQ: HOFV, HOFVW) (the
"Company"), the only resort, entertainment and media company
centered around the power of professional football, today announces
it has secured multimillion-dollar funding from
Constellation to implement energy efficiency measures and to
support the construction and development of the Gameday Bay
Waterpark as part of the Phase II asset master development plan of
the Hall of Fame Village in Canton, Ohio.
Constellation, the nation's largest producer of carbon-free
energy, a leading supplier of energy products and services, and the
official energy provider of the Hall of Fame Village and the Pro
Football Hall of Fame is providing $9.9
million in financing through its Efficiency Made Easy®
("EME") program, enabling the Hall of Fame Village to install
energy-efficient technology and systems. Constellation has employed
its EME program over the course of the development on two other
occasions allowing for infrastructure development that is designed
to reduce energy consumption, creating a more sustainable footprint
to advance energy efficiency throughout the resort.
"We continue to be grateful to Constellation for their
tremendous collaboration, one that has demonstrated great impact
not only to our Company, but to the economic landscape of our
region," shared President & CEO Michael
Crawford. "This type of lending program serves two
priorities for Hall of Fame Resort & Entertainment Company. The
first being continued construction financing and the second making
energy efficiency a priority for our Company's goals around our
corporate sustainability initiatives."
About Hall of Fame Resort & Entertainment Company
Hall of Fame Resort & Entertainment Company (NASDAQ: HOFV,
HOFVW) is a resort and entertainment company leveraging the power
and popularity of professional football and its legendary players
in partnership with the Pro Football Hall of Fame. Headquartered in
Canton, Ohio, the Hall of Fame
Resort & Entertainment Company is the owner of the Hall of Fame
Village a multi-use sports, entertainment and media destination
centered around the Pro Football Hall of Fame's campus. Additional
information on the Company can be found
at www.HOFREco.com.
Forward-Looking Statements
Certain statements made
herein are "forward-looking statements" within the meaning of the
"safe harbor" provisions of the Private Securities Litigation
Reform Act of 1995. Forward-looking statements may be identified by
the use of words and phrases such as "plan," "opportunity,"
"future," "will," "goal," "enable," "pipeline," "transition," "move
forward," "towards," "build out," "coming" , "commitment" and "look
forward" and other similar expressions that predict or indicate
future events or trends or that are not statements of historical
matters. These forward-looking statements are not guarantees of
future performance, conditions, or results, and involve a number of
known and unknown risks, uncertainties, assumptions, and other
important factors, many of which are outside the Company's control,
which could cause actual results or outcomes to differ materially
from those discussed in the forward-looking statements. Important
factors that may affect actual results or outcomes include, among
others, the Company's ability to manage growth; the Company's
ability to execute its business plan and meet its projections,
including obtaining financing to construct planned facilities and
for working capital; litigation involving the Company; changes in
applicable laws or regulations; general economic and market
conditions impacting demand for the Company's products and
services, and in particular economic and market conditions in the
resort and entertainment industry; increased inflation; the
inability to maintain the listing of the Company's shares on
Nasdaq; and those risks and uncertainties discussed from time to
time in our reports and other public filings with the SEC. The
Company does not undertake any obligation to update or revise any
forward-looking statements, whether as a result of new information,
future events or otherwise, except as required by law.
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SOURCE Hall of Fame Resort & Entertainment Company