LIVE NATION Entertainment (LNE) has told Cardiff City Council that it will cease to operate the city’s Motorpoint Arena (cap. 7,500) if it wins the contract to run a proposed 15,000-capacity arena in the Cardiff Bay area.
The new venue is part of a £500 million redevelopment project, adding to £2 billion already spent on the area. As well as an arena, the development will feature retail space, apartments, restaurants, a cinema complex, hotel and multi-storey car park.
Cardiff City Council’s cabinet member for investment and development, Cllr. Russell Goodway, revealed when announcing the project, “There has been significant interest in this project from a variety of arena operators in the UK.
“Live Nation, the current operator of the Motorpoint Arena and one of the world’s leading event promoters, has also approached the Council and it has confirmed in writing they would cease to operate the existing Motorpoint Arena if they were successful in securing the operator lease for the new facility.”
The council has now approved permission for detailed design work to progress on the development, which is expected to be considered in May, after which a planning application would be submitted, possibly as early as September.
Leased to LNE by the council, the Motorpoint Arena is located under a mile from the proposed development and has shows featuring Rita Ora, Catfish and the Bottlemen and Richard Ashcroft.
The council declined to reveal whether other potential operators are interested, while LNE was unavailable to comment.