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Cardiff 15000 arena

if it's about Cardiff.. Sport, Entertainment, Transportation, Business, Development Projects, Leisure, Eating, Drinking, Nightlife, Shopping, Train Spotting! etc.. then we want it here!
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Cwlcymro

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Re: Cardiff 15000 arena

PostThu Mar 14, 2019 11:17 pm

Plans revealed for £500m Cardiff Bay scheme with an indoor arena, bars, restaurants, and waterside apartments

Plans for a major mixed-use scheme in Cardiff Bay with waterfront apartments, bars and restaurants, a cinema complex, hotel, and a 15,000-seater indoor arena at its heart, can be revealed.

While still at an early stage, and requiring investor and developer backing, Cardiff Council have unveiled plans for a 30 acre development.

Last year the council identified the Red Dragon Centre in the Bay as its preferred location for a £100m indoor arena.

The commercially successful leisure venue, which includes an Odeon cinema complex, is owned by the British Airways Pension Fund. With its surface car park it extends to around 15 acres.

Many in the commercial property sector have questioned how Cardiff Council could finance acquiring the site, potentially for in the region of £50m, and also then be able to deliver an indoor arena, a multi-storey car park and a new leisure complex.

But it is understood that the council is now considering options for relocating its County Hall headquarters just yards from the Red Dragon Centre.

If approved it would provide around an additional 15 acres of prime development land alongside the Red Dragon Centre site - boosting the financial feasibility of an indoor arena.

As well as a 15,000-seater indoor arena, a larger £500m valuated scheme could also see:

200,000 sq ft of retail space
50,000 sq ft of restaurants and bars
45,000 sq ft of leisure space
40,000 sq ft of office space
12-screen cinema complex
350 bedroom hotel
2,000 space multi-storey car park
Waterfront apartments.

This this week leader of the council, Huw Thomas, and its economic development team, are at the world leading real estate conference, MIPIM, at Cannes in the south of France, talking to potential investors in the Cardiff Bay project.

On the ambitious scheme Mr 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."

Cardiff Council could also generate a capital contribution towards an indoor arena from the redevelopment of the existing 5,000 capacity Motorpoint arena in the centre of Cardiff.

The council owns the site's freehold, whose operator in Live Nation could agree to become the operator of a much larger arena in Cardiff Bay.

Any development of the existing site could be extended by including the adjoining car park and buildings owned by property development firm Rapport.

If the council moves out of County Hall, with its surface car park at Atlantic Wharf, there are a number of potential locations for a new council HQ, which could be part of a bigger public sector hub.

These include land at Dumballs Road and the Central Quay development on the Brains Brewery site.

Cardiff Council have been in discussions with the Welsh Government to acquire an empty land site at the south side of the Callaghan Square office scheme in the centre of Cardiff, with a view to developing a new public sector hub which it would look to share with other public sector organisations.

However, the Welsh Government, which acquired the land from MEPC six years ago, has yet to formally bring the land to market for development.

Capita is advising Cardiff Council on the Cardiff Bay project.
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paul cardiffwalesmap

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Re: Cardiff 15000 arena

PostFri Mar 15, 2019 11:47 am

This all sounds very positive! lets hope it all starts moving in the right direction in the not too distant. The 15,000 arena would be a superb addition to what this city has to offer in terms of sporting and entertainment venues. Plenty of possibilities in the article and I think most of them have all be covered here already. Re-location of Council - future of motorpoint arena site to name a big 2. Let's hope this and Central quay attracts some interest at that MIPIM gathering in Cannes.
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Kyle

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Re: Cardiff 15000 arena

PostFri Mar 15, 2019 12:18 pm

So no REAL progress on anything actually yet then?

All the above pretty much reads the same as November's news. Lots of 'if', still no funding, the operator of the Motorpoint still not confirmed as running the new one, the council still not made up their mind on moving.

This one's a slow burner I think, hope I'm wrong.
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Lewisbeecham

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Re: Cardiff 15000 arena

PostFri Mar 15, 2019 1:04 pm

I guess the progress here is that the council has commissioned Capita to do some fancy CGI to show investers. This project will be a slow burner - requires a lot of cross planning with Welsh Government, Rapport family, BA Pension, Live Nation and the other public sector organisations for this hub.

It all makes sense to me, but I'm going to reserve any hope of this happening in the next 3-4 years.
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Amoore

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Re: Cardiff 15000 arena

PostFri Mar 15, 2019 3:14 pm

This has got the air of one of those projects that will just drag on and on and on (see also Brains redevelopment).
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HalRobsonKanu

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Re: Cardiff 15000 arena

PostFri Mar 15, 2019 3:16 pm

An exciting project but the involvement of Crapita doesn't fill me with enthusiasm.
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Msmurf

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Re: Cardiff 15000 arena

PostFri Mar 15, 2019 8:48 pm

My glass is half full....
Build it and they will come.
Get it wrong and they will fall off.
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Cwlcymro

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Re: Cardiff 15000 arena

PostSat Jul 06, 2019 10:22 pm

Wales Online had an article with updates on the arena yesterday...

- Council have an intent to buy agreement with BA Pension for Red Dragon, set to be signed July 11th. This won't bind either party, but calls for sale to go through by last day of 2019

- Council's first preference is to build arena on County Hall car park, possibly moving County Hall away from the bay (decision on whetehr to move County Hall will be proposed in September, decided by December). Back up plan is to build on the reserve car park of Red Dragon. Planning permission in 2020, construction start in 2021, complete 2023 is their hope.

- Council in talks with potential operators and owners of arena, want to announce preferred consortia by December

- Council also in talks with potential re-developers of Red Dragon, but it's totally dependent on arena going ahead.

- Majority of funding from private sector, but some public money is certain to be involved
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Lewisbeecham

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Re: Cardiff 15000 arena

PostSat Jul 06, 2019 10:52 pm

I don't understand the preference to building the arena on the county hall land, there are plenty of flats around there. It's best suited on the current red dragon car park or on red dragon itself, closer to the highway and nearby the proposed new train station.

Everything else makes sense and glad it's looking positive.
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Msmurf

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Re: Cardiff 15000 arena

PostSun Jul 07, 2019 8:13 am

My understanding is they need a plot twice the size of red dragon centre - so they go north to council car park or east to rd car park. They prefer to go north and maximise frontage on Lloyd George Ave and push red dragon replacement East.

Or at least that is their justification to get new council offices..
Build it and they will come.
Get it wrong and they will fall off.
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