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A “world-class” £76m entertainment venue could be built in Milton Keynes.
Milton Keynes Development Partnership (MKDP), run by the city council, said ATG Entertainment (ATG) would operate the 4,000-capacity site at the Old Bus Station, Elder Gate.
ATG has operated Milton Keynes Theatre since it opened in 1999, but the proposed new venue would allow for “larger-scale music performances and live experiences”.
MKDP said it was investing £76m in the project, which will go to public consultation later this year. It could open in 2029.
The closest comparable venue is Arena MK, which holds up to 5,000 people.
MKDP estimates the new venue will attract more than 300,000 visitors annually and create about 70 new jobs.
The site is currently used by the Winter Night Shelter, which will relocate to Wolverton.
Nicola Sawford, chair of MKDP, said: “Identifying ATG as our preferred partner takes us one step closer to delivering a world-class events venue for Milton Keynes.
“The venue will not only bring incredible live entertainment to the heart of the city but also boost the local economy, create jobs, and strengthen Milton Keynes’ reputation as a destination for music, culture, and events.”
Nick Potter, chief operating officer for ATG Entertainment, said he was excited to “create a world-class destination”.
