Leeds feasibility study completed

Conference Leeds has announced that a ten-month study into the feasibility of a large-scale events venue for the city is now complete. The findings of the completed study show that an arena development to seat about 13,000 people is commercially viable with significant demand and developer and promoter interest. The study also states that conference and exhibition facilities would be a significant commercial benefit to the city and are best provided alongside either the arena or mid-sized venue. Consultants estimate the capital cost of the arena at around £50m and project it to have an economic impact of £28m per year. Meanwhile, Leeds United FC’s conference and banqueting facilities have recently undergone a £1m refurbishment, with more than 40 suites revamped.

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