Big plans were announced today for the Ovation site on the west side of Newport. The biggest is a $40 million music venue, planned to be open sometime next year. The venue will hold 2700 people for indoor shows and 7,000 for outdoor shows. Other plans for the site include a pedestrian bridge, a 550-space parking garage and more.

Here's the post from Promo West Productions via Facebook:

Further details have been released regarding the plans for the Ovation site.

According to WCPO, up to 900 residences are planned for the site, in addition to the previously-announced concert venue. It could take up to 8-10 years to fully develop the site, but renderings show what the project could look like when it's done: