Cebronica Luft, Jason Stellema and Jason Jenkins, who co-founded the Pavilion in 2015, said they could invest between $13 million and $18 million to build a larger facility, but they haven’t yet finalized a location.
“Now that we know what the timeline is for the new development, it gives us a two-year runway to get everything off the ground,” said Luft, a 2018 IBJ Forty-Under-40 recipient. “We’ve proved over the last five years is there is a huge use … for the type of venue that we have. So we want to continue with that concept.”
Stellema said the target investment, which could involve additional investors, would be around $15 million.
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