The Orlando Magic’s long-awaited $500 million sports and entertainment complex across from the Amway Center downtown has a development team and an anticipated start in 2024, according to a report in GrowthSpotter.

Developers JMA Ventures LLC and Machete Group Inc.have been appointed to spearhead the project alongside SED Development LLC and the Orlando Magic.

The details were first reported by the Sports Business Journal, which quoted Magic CEO Alex Martins describing the mixed-use complex as a much-needed “shot in the arm” for downtown Orlando and critical to the team’s success.

The article cites an anticipated start date “before the end of 2024” though there was no timeline in a news release the development team issued.

Source: Orlando Sentinel