Construction work is to begin next year to develop a new £90 million Arena in Bristol.
The Homes and Communities Agency (HCA) has agreed a deal which sees its Arena Island site transferred to Bristol city council. The agreement supports the creation of around 2,700 jobs across the Enterprise Zone, alongside business space and up to 300 new and homes on the Arena Island development area.
The transfer is supported with £5.425 million in funding from the Department of Communities and Local Government (DCLG).
HCA executive director for the South and South West Colin Molton added: "This agreement is an important step along the road to making this project happen.
"These projects are complex and take time and perseverance to bring forward. All partners have invested significantly over a number of years to get the project to this stage. Activity is already happening on site which will connect it to its surroundings and unlock it for development. There is real momentum behind this vision now, which thousands of people have got behind during result consultations. These are exciting times for Bristol, and it’s great to have played an important part in this success."
(CD/MH)
Construction News
27/03/2015
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