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for Walnut Creek Amphitheater (Raleigh)
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Abstract:
When Walnut Creek Amphitheater opened in July 1991, it was the state's largest outdoor concert facility, costing $13.5 million to build and seating 20,000. Its peak year for attendance was 1994 when it attracted over 500,000 visitors. However, attendance has dwindled over the years. With the facility now hosting few shows and containing 310 acres of marketable land, the question is--should Raleigh sell the amphitheater?