Plans for a new indoor arena in Cardiff Bay, Wales have been given a further boost after the city council’s cabinet agreed to go out to tender for a developer to build and operate the development.
A report to Cabinet reveals that a final business case for the 15,000-seater arena will be presented at the end of 2019, with planning consent potentially achieved by 2020, meaning the new venue could be open for business by December 2023.
Cabinet member for investment and development, Cllr Russell Goodway, said:
We want to re-energise Cardiff Bay, boosting its profile as a leisure-based destination. A new multi-purpose arena can help us achieve that, bringing a major new attraction for residents and visitors to enjoy.
Now that the preliminary due diligence and market testing has been completed, we are ready to begin the formal process of securing a delivery partner.
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.
Image: Rio Architects