Plans for a new £110m indoor arena in Cardiff are to be discussed by Cardiff Council this Thursday.
Having hosted high-profile boxing matches, music concerts as well as prolific sporting events in recent years, Cardiff is fast becoming a UK hospitality hotspot. This is arguably due to the size of the city’s venues. Together, The Principality Stadium and Motorpoint Arena boast a capacity of 74,000, being well-equipped to host events such as Justin Bieber concerts and the Champions League Final.
However, to compete with the likes of London, Manchester, Birmingham, Glasgow, Belfast and Leeds, the city requires larger, improved facilities.
Proposing plans for a new arena, Cardiff Council hope to build a 15,000-seat venue in Cardiff Bay; built across two sites in Atlantic Wharf. If plans are passed, the new arena will be found between the Council’s County Hall and the Red Dragon Centre.
Councillor, Russell Goodway, cabinet member for investment and development, said the new stadium would create a “revitalised visitor destination place in the Bay”.
“There are city regions now, not just cities. This arena is something we need to compete, otherwise we will be left behind” he continued.
Whilst the preferred location for the building, Atlantic Wharf was just one of six sites considered. Callaghan Square, Dumballs Road and the current site of Cardiff Prison were also potential locations for the arena.
Expected to take around three years to complete, the arena will also add value to the city’s Metro System plans. Goodway commented that such attractions will be successful in generating new visitors whilst sustaining other attractions in Cardiff.
Set to be discussed during a cabinet meeting this Thursday, feasibility and economic benefits will be the focus of the talks.