US-based live entertainment company Live Nation has been selected by Cardiff Council as a preferred bidder to deliver a new £150m indoor arena in Cardiff Bay, UK.
The new 15,000 capacity facility is estimated to create more than 2000 jobs during the three-year construction programme.
Go deeper with GlobalData
Upon completion, the project is expected to create further 1000 direct jobs with another 600 jobs to be supported in the local economy.
With 12,000 seats, the new Cardiff Indoor Arena is expected to attract more than one million visitors and is estimated to host approximately 140 events per year.
To be constructed with strong focus on sustainability, the new facility is anticipated to become one of the greenest venues of its kind in the UK.
The indoor arena is expected to initially benefit from low-carbon heat produced from the planned District Heat Network.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalDataCardiff Council said that the further work will be executed to achieve the target of a net zero carbon development across the Atlantic Wharf regeneration area.
It also said that the Live Nation led consortium for the facility, which is estimated to generate about £100m for the local economy annually, also includes Robertson.
Cardiff Council leader Councillor Huw Thomas said: “We remain committed to delivering a new indoor arena and today we have taken a big step forwards.
“We believe the new arena will have a similar impact on Cardiff Bay, as St David’s 2 had on the city centre.
“It will act as a major catalyst for the next-phase regeneration of Cardiff Bay delivering new jobs and opportunities where they are most needed.
“It will also help with the case to improve public transport links to Cardiff Bay and will provide the impetus for a complete re-imagining of the Red Dragon Centre area.
“It’s an incredibly exciting opportunity for Cardiff, especially as we look to emerge from the economic damage of the pandemic.”
—————————————————————————————————————–
The new Cardiff Indoor Arena is planned to have 12,000-seat capacity. (Credit:Markus Spiske/Unsplash)
