Alpine Valley Music Theatre is for sale

Alpine Valley Music Theatre, a 37,000-seat outdoor concert venue in East Troy, is for sale.

The property was put up for sale within the last month, according to John Kersey, executive vice president of Milwaukee-based Zilber Ltd., which owns the venue.

News that the venue was for sale was first reported by Urban Milwaukee Dial, which says the asking price is $8.4 million.

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Kersey declined to disclose the asking price for the property.

Zilber has owned Alpine Valley for more than 20 years.

“The asset has performed very, very well for us,” Kersey said. However, “moving forward we want to focus on our core competencies of industrial and office development and home-building.”

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Alpine Valley is operated by Beverly Hills, Calif.-based Live Nation, which has a long-term lease with Zilber, Kersey said. He declined to provide further details.

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