Receiving planning permission in 2016, a project for an arena in the city centre of Bristol has been scrapped by Bristol City Council.
Instead, the council has gone for a mixed-use development on the Temple Island site that includes;
- 460 homes,
- A conference centre,
- A hotel,
- 23,000 square metres of offices.
Proposed by Populous, the 12,000 capacity arena would have required a £173 million investment from the public sector, with the council and contractor bearing the development risk.
A study by KPMG said;
“Developing the Temple Island site without a music and sports venue and building an out-of-town arena would provide better value for money, creating nearly 1,500 more jobs than those envisaged by the arena.”
Last year, developer YTL outlined plans for a 16,000-capacity arena in the Filton area of Bristol.
Marvin Rees, the mayor of Bristol said the proposal is a “completely undeliverable vanity project”.
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