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Birmingham Post

Business

Sion Barry

The spiralling cost of Cardiff's new indoor arena project

Live Nation Cardiff Cardiff Council

It’s been a long held ambition of Cardiff Council to deliver a new indoor arena for the city.

Seen as the missing link in the capital’s entertainment infrastructure, back in 2020 and following a competitive tendering process, it named one of the world’s leading sector operators, Live Nation, as its preferred partner to deliver a new 16,500 spectator capacity arena in Cardiff Bay - or more precisely Atlantic Wharf.

But the world is a somewhat different place now from then, with soaring construction inflation meaning that the price tag for the project has been revised significantly upwards.

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