New Prospera Place facility operator selected for 2029
News Release
Oak View Group Canada (OVG) has been selected as the top-ranked operator for Prospera Place and MNP Place under the City’s ownership beginning in 2029, to extend the life of the venues and ensure they continue serving the community. Contract negotiations are now underway to finalize the new operator agreement.
“We are committed to ensuring that Prospera Place remains a vibrant and essential venue for our residents and visitors,” said Derek Edstrom, Divisional Director, Partnership & Investments. “By carefully selecting the best qualified operator, we aim to enhance the facility’s offerings and maintain its status as a premier location for events and entertainment in Kelowna.”
A competitive process began in 2024 to explore new opportunities for Prospera Place and MNP Place, ensuring strong value and service for taxpayers and residents. After reviewing all qualified proposals, OVG Canada was selected as the top-ranked operator to support the future of these important community venues.
OVG Canada brings proven experience, strong industry relationships, operations in Penticton and relevant Canadian venue experience including TD Coliseum (Hamilton) and Canada Life Place (London). The operational change will support needed improvements and help Kelowna attract major events, ensuring the venues continue to serve the community and contribute to a vibrant downtown. OVG Canada’s vision for Prospera Place includes modernizing premium offerings, introducing innovative hospitality concepts, and boosting year-round programming to transform the venue into a vibrant entertainment destination.
The current agreement between the City and GSL expires in 2029 and the City will work proactively with GSL to ensure continued quality operations during the transition period. The City extends its gratitude to GSL, the current owner-operator of Prospera Place, for their management of this key community facility over the past 25 years. GSL has been a valuable partner in bringing entertainment, culture, and sports to our city, and we appreciate their contribution to our vibrant downtown.
About Oak View Group Canada (OVG)
Oak View Group (OVG) is the global leader in live experience venue development, management, premium hospitality services, and 360-degree solutions for a collection of world-class owned venues and a client roster of arenas, stadiums, convention centers, music festivals, performing arts centers, and cultural institutions. Founded in 2015, OVG is the leading developer of major new venues either open or under development across four continents.
