An architecturally and culturally iconic venue in the city, the Bord Gáis Energy Theatre (formerly Grand Canal Theatre) is the brainchild of Mike Adamson, CEO of LiveNation. The need for such a theater arose because numerous international theater groups were yearning to perform in the city, but save for the O2, there wasn't a venue prominent enough to host them, and the O2 couldn't accommodate all of the performances in its schedule. Thus, an initiative for another first-rate theater was taken, and with the approval of the Dublin Dockyards Development Authority, the construction of the Bord Gáis Energy Theatre began in 2007. Opened in March 2010, this theater has hosted a passel of cultural events, including ballets, plays, operas, concerts and much more. With a capacity of 2111, this is one of the premier venues for major events in the city.