Decision Maker: Cabinet
Decision status: Recommendations Approved
Is Key decision?: Yes
Is subject to call in?: Yes
This report will consider the Full Business Case for the delivery of a new 15,000 capacity Indoor Arena as part of the wider Atlantic Wharf regeneration.
As part of this process the Council will need to consider and agree the Development Agreement.
Appendices 2 to 7 of this report are not for publication as they contain exempt information of the description contained in paragraphs 14 (Information relating to the financial or business affairs of any particular person (including the authority holding that information) and16 (Information in respect of which a claim to legal professional privilege could be maintained in legal proceedings) of Schedule 12A of the Local Government Act 1972.
(i) the Full Business Case for the new Indoor Arena as set out in Confidential Appendix 2 be approved
(ii) the Live Nation consortium be confirmed as the successful bidder to be the Council’s partner to deliver and operate a new Indoor Arena and Travelodge Hotel at Atlantic Wharf, Butetown;
(iii) the legal advice mentioned at Paragraph 28 of this report be noted and Option 1 as recommended at paragraph 9.10 of that advice proceed
(iv) the legal documentation as detailed in Confidential Appendix 5 be approved and authority be delegated to the Director of Economic Development, in consultation with the Cabinet Member for Investment and Development, the Section 151 Officer and the Legal Officer to:
(a) approve the final terms of the legal documentation as detailed in Confidential Appendix 4 and in so doing approve any amendments to the legal documentation approved here as may be necessary, for reasons including but not limited to ensuring consistency between them and finalising any outstanding areas;
(b) approve any further deeds and documents which are ancillary to the legal documents approved here; and
(c) enter into all the necessary contractual documents associated with the delivery of the Arena.
(v) the obligations that will be placed on the Council to support the delivery of the new Indoor Arena as set out in the Conditions Precedent document attached as Confidential Appendix 3 be noted
(vi) Approval in principle be given to a Compulsory Purchase Order for the acquisition of land outside of the Arena demise to facilitate the delivery of the wider Arena site and Atlantic Wharf masterplan.
(vii) Pursuant to powers under Section 122 of the Local Government Act 1972 and Section 227 Town and Country Planning Act 1990, to facilitate the redevelopment of the land for an Indoor Arena in accordance with the development described in this report, to:
(a) approve the appropriation of the land that is within the Council’s ownership edged red on the plan at Appendix 8 to planning purposes as it is no longer required for its current purpose; and
(b) delegate authority to the Director of Economic Development to take all steps necessary to appropriate to planning purposes:
(i) the land edged blue on the plan at Appendix 8 following the advertisement of all relevant public open space notices; and
(i) the land edged red on the plan at Appendix 8 following the surrender of the lease to Travelodge and the transfer of ownership of this land back to the Council;
(viii) Approve for delivery associated enabling works to deliver the Indoor Arena and Travelodge Hotel as described in more detail in Confidential Appendix 2 and the design development costs underwrite as detailed in Confidential Appendix 6.
Publication date: 24/09/2021
Date of decision: 23/09/2021
Decided at meeting: 23/09/2021 - Cabinet
Effeithiol O: 06/10/2021