Hall of Fame Resort & Entertainment : HOFREco Secures Multi-Million Dollar Funding through Constellation’s Efficiency Made Easy® Program

Hall of Fame Resort & Entertainment Company Secures Multi-Million Dollar Funding through Constellation's Efficiency Made Easy® Program

CANTON, Ohio - July 8, 2024 -
Hall of Fame Resort & Entertainment Company (NASDAQ: HOFV, HOFVW) (the "Company"), the only resort, entertainment and media company centered around the power of professional football, today announces it has secured multimillion-dollar funding from Constellation to implement energy efficient measures to support the construction and development of the Gameday Bay Waterpark as part of the Phase II asset master development plan of the Hall of Fame Village in Canton, Ohio.

Constellation, the nation's largest producer of carbon-free energy, a leading supplier of energy products and services, and the official energy provider of the Hall of Fame Village and the Pro Football Hall of Fame, is providing $9.9 million in financing through its Efficiency Made Easy® (EME) program. This financing enables the Hall of Fame Village to install energy-efficient technology and systems. Constellation has utilized the EME program over the course of the development on two other occasions, creating a more sustainable footprint to advance energy efficiency throughout the resort.

"We continue to be grateful to Constellation for their tremendous collaboration, one that has demonstrated great impact not only to our Company, but to the economic landscape of our region" shared Hall of Fame Resort & Entertainment President and CEO Michael Crawford. "This type of lending program serves two priorities for Hall of Fame Resort & Entertainment Company. The first being continued construction financing and the second making energy efficiency a priority for our Company's goals around our corporate sustainability initiatives."

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About Hall of Fame Resort & Entertainment Company
Hall of Fame Resort & Entertainment Company (NASDAQ: HOFV, HOFVW) is a resort and entertainment company leveraging the power and popularity of professional football and its legendary players in partnership with the Pro Football Hall of Fame. Headquartered in Canton, Ohio, the Hall of Fame Resort & Entertainment Company is the owner of the Hall of Fame Village, a multi-use sports, entertainment and media destination centered around the Pro Football Hall of Fame's campus. Additional information on the Company can be found at www.HOFREco.com.

Forward-Looking StatementsCertain statements made herein are "forward-looking statements" within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by the use of words and phrases such as "plan," "opportunity," "future," "will," "goal," "enable," "pipeline," "transition," "move forward," "towards," "build out," "coming," "commitment," and "look forward" and other similar expressions that predict or indicate future events or trends or that are not statements of historical matters. These statements are based on current beliefs and expectations of the Company's management on information currently available and are subject to uncertainties. Actual results may differ from those set forth in the forward-looking statements. Factors that could cause or contribute to our results differing materially from those expressed or implied by forward-looking statements include, but are not limited to, those discussed in the section titled "Risk Factors" included in our Form 10-K for the fiscal year ended December 31, 2023 as filed the Securities and Exchange Commission ("SEC") on March 25, 2024, and in our reports subsequently filed with the SEC.

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