Preferred bidder chosen for Cardiff indoor arena
Cardiff Council has identified Live Nation as its preferred bidder for a new 15,000-capacity indoor arena in Cardiff Bay.
The new venue will cost around £150M to build and will attract more than one million visitors and an estimated £100M into the local economy every year. It will also deliver new jobs for local people, with over 2,000 jobs created during its three-year build programme.
Cardiff Council Leader, Cllr Huw Thomas, said: “We remain committed to delivering a new indoor arena and 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.”