No-one apart from Academy Music Group has expressed an interest in taking over the running of St David's Hall as the soft marketing process for the venue comes to an end, Cardiff Council has revealed. The development marks a significant step forward in the process of Cardiff Council considering a proposal from AMG to take on the running of the much-loved classical music venue.
A Voluntary Ex-ante (VEAT) notice of intent, which provides details of the draft contract negotiated with AMG, is expected to be published by the end of the month. The VEAT allows competitors to come forward with a challenge to the proposal which would lead to a procurement process.
When the St David's Hall soft marketing process came to an end on Friday, May 20, a Cardiff Council spokesperson said: “The Council has not received any new expression of interest in taking over the running of [St David's Hall] set against the building liabilities, and the requirements around the classical programme which AMG has committed to. The next step of the process is to publish the VEAT notice by the end of May. The notice will run for 28 days outlining the principles of the transaction with AMG.
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