A Live Nation-led consortium that also includes Oak View Group is the preferred bidder to deliver a £150m arena in the Welsh capital
Sign up for IQ Index
The latest industry news to your inbox.
Operated by Live Nation and Oak View Group, the 17,000-capacity venue is set to open in the Welsh capital in 2025
By James Hanley on 26 Nov 2021
A hybrid planning application has been submitted for the proposed new 17,000-capacity arena in Cardiff.
Operated by Live Nation and Oak View Group (OVG), the venue will form part of a wider multi-million-pound regeneration of Butetown, Cardiff. Determination of the planning decision is expected in spring 2022, with the arena set to open in 2025.
Set to create 1,000 jobs, the venue is being developed by Robertson Group with a view to cementing Cardiff Bay’s position as a “top-tier” visitor attraction and bring “the world’s best events” to the city. If planning is granted, it is anticipated that work will start in autumn 2022.
“As a leader in live entertainment, our aim is to deliver a new kind of arena in partnership with Cardiff City Council that will place the local community and the city at the heart of our ambition” says Live Nation UK venues chief operating officer Graham Walters.
“With a globally recognised arena as a focal point for entertainment and culture, we aspire to strengthen Cardiff’s position as a major touring destination, that is capable of hosting outstanding local, national and international events and continue Cardiff’s growth as a leading music city.”
We see a huge opportunity to bring a genuinely world-class arena to Cardiff
Live Nation already runs the existing 7,500-cap Motorpoint Arena Cardiff, as well as converted warehouse venue Titan Warehouse. OVG, meanwhile, is currently constructing the UK’s first all-electric arena, Co-op Live, in Manchester.
Jessica Koravos, chair, OVG International, adds: “We see a huge opportunity to bring a genuinely world-class arena to Cardiff – a venue that will host the best in live entertainment, creating thousands of jobs and attracting millions of visitors to the city.
“We look forward to working with the council and the community to deliver this exciting and ambitious scheme.”
The development of the arena and the wider masterplan takes into consideration the 2030 climate neutral aspirations of Cardiff Council, with the energy strategy designed to achieve an operational climate neutral position by 2030.
Get more stories like this in your inbox by signing up for IQ Index, IQ’s free email digest of essential live music industry news.