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Business News Deals Live Business
Live Nation and Oak View selected to lead new arena complex in Cardiff
By Chris Cooke | Published on Tuesday 1 December 2020
Live Nation has been selected as the preferred bidder to run a new arena venue set to be built in Cardiff. The live giant partnered with rival venue operator Oak View Group to bid to run the major new venue complex in the Welsh capital.
The new venue is set to have double the capacity of the existing Motorpoint Arena Cardiff, which is also run by Live Nation. The city’s council began the process of selecting partners to launch the new arena late last year after buying the Cardiff Bay site where it will be built. Construction group Robertson are also part of the Live Nation/OVG consortium that won the bid.
The three companies in that consortium said in a joint statement: “We are delighted to have been announced preferred bidder today to deliver the new Cardiff arena. We look forward to working in partnership with Cardiff Council to bring this ambitious vision to life over the next few years”.
“Our combined experience in the delivery and operation of facilities of this nature will result in a world-class facility that will bring economic benefits to the entire region, both during its construction and for many years to come once it’s open”, they went on. “In 2021 we will embark on the next phase of the planning process, which will provide the wider community the opportunity to see our exciting proposals for the site”.
