The venue is expected to attract over one million visitors annually, generating economic benefits, creating more than 1,000 jobs, and supporting local businesses, especially in economically challenged communities.

Representatives from Live Nation and Robertson Group emphasized that the arena will serve as a catalyst for cultural growth, economic development, and Cardiff’s global reputation as a cultural destination.

The project emphasizes sustainability, social value, and local employment, aiming to benefit the community during both construction and operation phases.

McLaren Construction has been appointed as the contractor, with the design overhauled in 2023 due to rising material costs, and groundwork has already begun at the site.

Construction will take place on the existing surface car park of the Red Dragon Centre, with no demolition date announced yet.

The arena is part of a larger 30-acre redevelopment in Atlantic Wharf, which includes office spaces, a public square, a museum, and leisure facilities, aiming to transform Cardiff’s urban landscape.

Local leaders, including Cardiff Council and UK Government officials, describe the arena as a transformative project that will revitalize Cardiff’s visitor economy, cultural scene, and support social development in underserved communities.

The arena is expected to boost local businesses, as visitors to UK concerts typically spend between £100 and £150 outside the venue, aiding Cardiff Bay’s regeneration efforts.

Cardiff is developing a new 16,500-capacity indoor arena, scheduled to open in 2028, as part of a major redevelopment project in Cardiff Bay that includes offices, a public square, a museum, and leisure facilities.

The project reached a financial close milestone, with Cardiff Council, Live Nation, and Robertson Property collaborating to fund and build the arena, aiming to establish Cardiff as a premier touring destination.

This arena is a key element of Cardiff’s Music City strategy, designed to boost the city’s cultural scene, support local music and entertainment sectors, and reinforce its reputation as a vibrant cultural hub.