Slated to Open in 2027, Monqui and AEG's New Venue Has Broken Ground at Lloyd Center

Monqui Presents and AEG broke ground on a new venue in Portland's Lloyd District on October 22, 2025, with plans to open in 2027. The venue will replace the former Nordstrom at Lloyd Center, a site that has transitioned from traditional retail to more community-focused businesses. Local leaders, including Monqui founder Mike Quinn and Oregon Governor Tina Kotek, emphasized the venue's potential to revitalize the district and attract medium-sized music tours that have historically bypassed Portland. The state-of-the-art venue will feature advanced sound and lighting technology, making it competitive for touring acts. It is also expected to create dozens of full-time positions, a significant addition to the city's music ecosystem.

As local businesses continue to occupy vacant spaces in the mall, the project reflects a broader trend of cultural rejuvenation in the area. Questions about support for unhoused residents and ticketing fees were raised but not addressed during the ceremony. The new venue represents a pivotal moment for Portland's music scene and cultural landscape.