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What will be the economic impact of the proposed Coachella Valley arena? The arena is being promoted as a way to bring year-round entertainment dollars to the valley. Andrew L. John, Palm Springs Desert Sun Published 3:54 am UTC Mar. 10, 2021 Oak View Group, the Los Angeles-based company hoping to build a $250 million arena in the Coachella Valley with private financing, is touting an economic impact of hundreds of millions initially. But at least one local mayor is skeptical, saying sports arena projects are notorious for over-promising and under-delivering. The proposed arena that could break ground near Palm Desert this spring is expected to host as many as 180 events per year. That kind of activity has the potential for an annual attendance of more than 1 million, and some believe it could have a significant economic impact in the valley. ....