Pharrell Williams has been named an equity investor in the estimated $200 renovation of the iconic Baltimore Arena. The “Happy” singer joins Maryland native and NBA basketball star Kevin Durant, whose holding company Thirty Five Ventures is also an investor. One of America’s largest Black banks, The Harbor Bank of Maryland, along with syndicate leader Truist Bank to Oak View Group (OVG), according to a news release.
“It would have been unthinkable only five years ago that a Black-owned bank would be participating in a major deal to redesign an 11,000-seat stadium in whose shadow it sits,” National Black Bank Foundation
co-founder Brandon Comer said. “But over the last two years, which have seen deals with major professional sports teams and leagues as well as other major construction projects, we’ve proven to the market that Black banks can provide competitive rates and excellent service.”