A new 50,000 capacity multifunctional stadium complex is planned for Barranquilla in Colombia.
The Arena Del Rio will become the first fully integrated entertainment development in Latin America.
Arena Del Rio will be a world destination for the best in music, sports, arts, business, cinema, gastronomy, and all-new creative formats.
Operating 365 days a year, Arena Del Rio will highlight Colombia as a key driver of cultural and media development and propel Barranquilla and the region into the world’s spotlight, the backers of the development say.
The innovative complex will consist of a multifunctional stadium with a 50,000 capacity, retractable mobile pitch, a luxury 500 room hotel integrated into the stadium, three auditoriums, and a club.
Additional complex attractions will include both a music and sports museum, a virtual reality park, 350 suites, 100 apartments, 120 offices, 100 commercial premises to operate, bars, clubs, restaurants, and a 4-port marina.
This multifaceted urban complex will make the Caribbean coast a meeting point for national and international tourism, as well as provide a unique opportunity for domestic and foreign investment.
UMUSIC Hotels (a joint venture between Universal Music Group, a world leader in music, and Dakia U-Ventures, an entertainment impact investment group) has teamed up with Two Ways Stadium, who contracted AECOM for the project.
AECOM will bring its leading engineering expertise in smart city design and track record in building the world’s most technological and innovative stadiums to Arena Del Rio.
Led by Two Way Stadiums, which includes former Major League Baseball player Edgar Renteria, the funding for Arena Del Rio is comprised of Colombian and foreign private capital.
Robert Lavia, chairman of Dakia U-Ventures LLC., said:
Every destination holds a great history just waiting to be told through cultural and music heritage. Through this new concept, we will both help people discover new ways to channel their love of music and the arts and help empower communities worldwide through cultural, inspiring, creative, and conscious collaboration. And we are thrilled to work together with Universal Music Group, who shares our vision and passion about the powerful role of culture and music in every community we touch.
Located in the Gran Malecón, a premium site by the sea, the Magdalena River and serviced by three international airports, this project will have an investment impact on the area of $1.25 billion and generate 9,000 direct jobs.