Hall of Fame Resort & Entertainment Company Announces Multi-Year Partnership with Republic Services
21 November 2020 - 12:30AM
Business Wire
Hall of Fame Resort & Entertainment Company (“HOFV” or the
“Company”) (NASDAQ: HOFV, HOFVW), the only resort, entertainment
and media company centered around the power of professional
football and owner of the Hall of Fame Village powered by Johnson
Controls (“the Destination”), today announced a multi-year
partnership with Republic Services of Ohio, LLC, a Republic
Services, Inc. subsidiary (“Republic”). Republic is an industry
leader in U.S. recycling and non-hazardous waste disposal.
Republic, which will serve as the Company’s preferred waste and
recycling partner, is the latest company HOFV has partnered with to
further advance its business plan and growth strategy.
As part of the partnership, Republic will establish a recycling
education program and commit resources to the Destination. The
program will help to ensure that the Hall of Fame Village powered
by Johnson Controls is properly managing its waste and recycling,
while also educating its anticipated millions of annual visitors on
how to take better care of the planet via recycling and other
sustainability measures.
Erica Muhleman, Executive Vice President of New Business,
Marketing & Sales for HOFV, said, “As Phase II of the Hall of
Fame Village powered by Johnson Controls continues to gain momentum
and we break ground on new assets, we are proud to partner with
Republic Services, a company with an incredible track record for
safe, clean and healthy waste disposal. Our partnership will ensure
that we are not only responsibly handling our waste, but
demonstrating our commitment to doing so ethically and sustainably.
As our company continues to grow and we further advance our
business verticals, protecting the environment will remain a key
component of our business plan.”
The Hall of Fame Village powered by Johnson Controls currently
has over $250 million worth of assets under management. The
Destination is one of the largest ongoing construction projects in
Ohio, and HOFV anticipates creating thousands of new jobs through
Phase II and Phase III construction, which are scheduled to be
completed within the next five years. As the assets continue to
open, the Destination’s visitor base is expected to increase
exponentially, providing an economic lift for the entire
region.
“As construction on the Hall of Fame Village continues, Hall of
Fame Resort & Entertainment Company leadership recognizes the
critical importance of a sustainable recycling and waste services
plan,” said Rick Vannan, Republic Services general manager. “We are
excited to partner with the Company as it aims to reduce waste,
implement a comprehensive recycling program and educate its
workforce on proper recycling and waste procedures. We also look
forward to launching the Destination’s recycling education program
and serving as its preferred waste services partner for years to
come.”
About the Hall of Fame Resort & Entertainment
Company
The 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
powered by Johnson Controls, 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.
About Republic Services, Inc.
Republic Services, Inc. is an industry leader in U.S. recycling
and non-hazardous solid waste disposal. Through its subsidiaries,
Republic’s collection companies, transfer stations, recycling
centers, landfills and environmental services provide effective
solutions to make responsible recycling and waste disposal
effortless for its customers across the country. Its 36,000
employees are committed to providing a superior experience while
fostering a sustainable Blue Planet® for future generations to
enjoy a cleaner, safer and healthier world.
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 “opportunity,” “future,” “will,” “goal,” 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, that
could cause actual results or outcomes to differ materially from
those discussed in the forward-looking statements. Important
factors, among others, that may affect actual results or outcomes
include the inability to recognize the anticipated benefits of the
business combination; costs related to the business combination;
the inability to obtain or maintain the listing of the Company’s
shares on Nasdaq; the Company’s ability to manage growth; the
Company’s ability to execute its business plan and meet its
projections; potential 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; the potential adverse effects of
the ongoing global coronavirus (COVID-19) pandemic on capital
markets, general economic conditions, unemployment and the
Company’s liquidity, operations and personnel, as well as 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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version on businesswire.com: https://www.businesswire.com/news/home/20201120005441/en/
Media/Investor Contacts: For Hall of Fame Resort &
Entertainment Company Media Inquiries: public.relations@hofreco.com
Investor Inquiries: investor.relations@hofreco.com
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