Live Nation, OVG To Operate New 17,000-Capacity Arena In Wales

It’s part of a hybrid planning application that also comprises proposals or a hotel and a wider “masterplan” for the area known as Atlantic Wharf. A decision on the application by Cardiff Council is expected in spring 2022. If planning is granted, it is anticipated that the construction of the new arena will commence in Autumn 2022, which would mean a possible opening date in 2025. 

While Robertson are the developers of the building, Live Nation and OVG will operate the it. The arena will have a capacity of 17,000, and create 1,000 jobs when complete.

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. 

While Wales has always been punching above its weight in terms of hosting live events and exporting talent, it currently lacks a modern indoor arena capable of hosting major events like other major cities in the UK. 

“Designed to host the biggest names in the music industry, family shows, comedy, and sporting events, the Arena is set to bring a significant uplift in Cardiff’s live entertainment market, attracting millions of visitors to the city, generating additional economic activity for local hotels, restaurants, and bars,” the press release states.

Nick Harris, group executive property director, Robertson, said: “Earlier this year we undertook public consultation events on the proposed plans and have been greatly encouraged by the positive feedback received from the local community.  

“The planning application considers the comments raised during the consultation which has seen a reduction to the scale of the masterplan and its overall building density.

“The submission of planning takes us, with our partners and the Council, one step closer to delivering the aspirations of the Council to create a vibrant visitor destination within Cardiff Bay.”

Live Nation UK Venues Chief Operating Officer, Graham Walters, commented, “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.

“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.”

Jessica Koravos, Chair, OVG International, said, “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.”