Cardiff arena costs rise by more than 50%
The opening of the 17,000-cap venue is likely to be delayed until 2026 after "inflationary pressures" caused costs to spiral
News By James Hanley | 23 March 2023
The cost of building Cardiff’s new arena has spiralled by more than 50%, causing significant delays to the project, according to a report.
The 17,000-cap venue, which is being developed by Robertson Group, will be operated by Live Nation and Oak View Group and is set to form part of a wider multi-million-pound regeneration of Butetown, Cardiff in Wales, UK.
However, “inflationary pressures” have seen costs rise from £180 million (€203m) to almost £280m (€316m).
“Following the pandemic, the UK economy…
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