Plans for a new £260m arena complex on the Gateshead Quayside have been revealed.
The waterfront development will include a new 12,500-seat arena, a conference and exhibition centre, hotels, and restaurants.
The venue hailed will replace the Utilita Arena on the other side of the River Tyne and is due to be completed in 2023.
It is hoped that the development can boost the regional economy by around £30m a year, attract an extra 296,000 visitors to the North East, and create 1,140 new jobs.
James Forrester, managing director for StripeHomes, said: “This is a huge announcement for the Quayside area.
“Not only will the arena support the growth and redevelopment of the area it will also help to attract more people to the city it will showcase the very best the area has to offer.
“Our Quayside View Studios development is just over a mile away down the River Tyne from this prime entertainment facility.”
“There will also be positive knock on benefits for our student residents with the possibility of flexible, part time work around the events being hosted and nearby food and drink venues.”
Gateshead Council leader Martin Gannon said: “This is an exciting step forward for Gateshead and North East England.
“This development is a catalyst for regional growth within the retail, hotel and leisure sectors.”
If you would like more information about our Quayside View Studios development please contact us here.
Image: HOK
