KPMG has delivered three reports which make up a review of the alternative sites for a Bristol Arena. The reports consider the arena next to Temple Meads and at the Brabazon hangar site at Filton; also what could be built on Arena Island if not the arena. It concludes that a high-spec conference centre and housing on Temple Quay site will deliver more than three times as many full time jobs and almost three times as much money into the economy over the next 25 years compared to an arena. A 16,000 capacity Bristol Arena on Filton Airfield could make more money and provide a greater number of jobs than an arena in the city centre because of the higher capacity of +4,000 seats.
The main problem for the city centre site is the construction cost of £188.6million – £156.3 for the arena, £16.2million for car parking facilities and £16.1million for land and interest. Malaysian investment firm YTL has pledged to cover the cost of building an arena on Filton Airfield – just within the Bristol boundary – but only if Bristol and South Gloucestershire councils pledge to carry out more than £100million worth of road and rail improvements.
Mayor Marvin Rees said:
I am grateful to KPMG for all their hard work in pulling together these reports, which now give us the foundations for an evidence-based decision about the best way forward for Bristol. There has been a lot of opinion and debate around the future of the arena; these reports now provide an opportunity for everyone to see the facts and have full view of the difficult and complex issues around this decision.