Blackpool council is seeking development partners to build an arena on the town’s prime Central Station site
Councillor Tony Williams, leader of the Conservatives on Blackpool Council, said:
I have recently had meetings with members of the British Private Equity and Venture Capital Association together with two private investors and an independent architect to formulate an initiative to seek interested parties to invest in an ‘Ocean Arena’ in Blackpool.
Blackpool is the perfect location for a multi-purpose event stadium and it’s something the town desperately needs.
Not only would the arena welcome international top names in music and entertainment etc it would also accommodate events, competitions, indoor sport, conferences and exhibitions all year round.
The town hall’s assistant chief executive Alan Cavill today said it was “incorrect” to say there had been no movement on the site since a super casino bid collapsed in 2008
Derby Arena to be loss-making in first three years
Derby Arena at Pride Park is forecast to make a £2.1 million loss in its first three years in operation. A written reply to a councillor’s question about current forecast for revenue and expenditure for the next three financial years, starting with the year from April stated:
The projected spending on the venue in its first three years would be a total of £6,570,000 and the income, £4,435,000 – a gap of £2,135,000.