One of the world’s leading venue developers has unveiled ambitions for a new £350m arena at the Etihad Campus in Manchester.
Oak View Group is preparing a planning application which is expects to submit ‘in the coming weeks’ for a venue which would prove to be the largest of its type in the UK.
The firm says the 23,500-capacity venue ‘would bring a whole host of benefits to the entire city of Manchester and the UK’.
It says the development would boast ‘cutting-edge audio and visual technology’, and its private investment of £350m would be ‘the most ever spent on an arena in the UK or in Europe’.
A spokesman added: “From the start, OVG has also ensured that sustainability and inclusivity is at the heart of this project, as well as engaging with and involving the local community.”
The ambition is to build the new venue on Manchester City’s Etihad Campus, and the hope is that it will attract major names from the world of music, as well as a wide range of sporting events such as basketball, hockey, martial arts and more.
It is expected to create 3,500 jobs during the construction phase, as well as 1,000 permanent jobs once it is up and running.
Tim Leiweke, co-founder and Chief Executive of Oak View Group, said: “We came to Manchester knowing that we needed to develop our proposals in a way that would support the needs and priorities of the entire city and deliver a venue that would enable Manchester to thrive in an evolving entertainment market.
“Through extensive community and city centre consultations, we have understood the local priorities and vision that is transforming Eastlands, along with the ambitions that underpin Manchester’s development as a thriving place to live and visit.
“Our new venue would attract a wider range of the world’s most exciting events and create thousands of skilled jobs, genuine community opportunities, and significant economic benefits. It would place Manchester on the global entertainment map for decades to come.
“We appreciate the significance of our proposals for the entire city. We will present our full analysis of the Manchester opportunity along with our plans and are committed to engaging in dialogue and scrutiny throughout the planning process to ensure a second arena is a win-win for the city.”
OVG is already behind major projects in New York, Milan, Seattle and Austin, but the Manchester vision would represent its first UK development.
If its Manchester plan wins the approval of city planners, it could be up and running as early as 2023.