Plans are ramping up for a new arena to be built in Cardiff Bay in Wales as part of a major mixed-use scheme with waterfront apartments, bars and restaurants, a cinema complex and hotel.
Cardiff City Council have unveiled plans for the 30 acre development which include a 15,000 seat indoor arena.
Last year the council identified the Red Dragon Centre in the Bay as its preferred location for a £100m indoor arena.
The leader of Cardiff council Huw Thomas said:
These are our plans to continue to develop as a world-class visitor destination.
The opportunities for growth and to deliver a game-changing project are here. Cardiff is the fastest-growing city in he UK with the best quality of life in the country. We are an events capital with 22 million visitors every year.
£2bn of regeneration has already been delivered in the Bay and this is the next half a billion project which we want to bring on stream.
The arena site could be developed on a step-by-step basis.
In the first instance a new multi-storey car park would be built on the Red Dragon Centre overflow car park. This would free up the main Red Dragon Centre car park which would become the site of a new leisure and retail centre.
Once completed the existing tenants of the Red Dragon Centre would transfer across to the new development which would also contain opportunities for other businesses to secure a presence in the Bay.
The existing Red Dragon Centre would then be demolished for work to begin on the new arena.