New location unveiled for city <a href="https://industrymovement.com/taiwans-money-entertainment-forms-ip-partnership-with-koreas-b-a-entertainment/” title=”Taiwan’s Money Entertainment forms IP partnership with Korea’s B.A. Entertainment”>entertainment hub
City of Wolverhampton Council
A location has been picked for a potential entertainment hub in Wolverhampton.
The St Peter’s Car Park, opposite the University of Wolverhampton, is set to become a £5.5m space for food, drink and socialising, subject to approval by City of Wolverhampton Council’s cabinet.
Following an expression of interest process, the council wants to find a partner to design, build and run the venue on a 25-year lease.
“This is a chance to create something really special – somewhere that feels authentically ‘Wolves’, gives people more reasons to spend time in the city centre, and attracts visitors from across the region,” council leader Stephen Simkins said.
City of Wolverhampton Council
The plans are set to be discussed on 18 November and at a scrutiny board meeting six days later.
Cabinet will be asked to approve going direct to market for a development partner, supported by the offer of a grant up to £5.5m from the council’s Revolving Capital Investment Fund.
Simkins said this method would speed up the process and help secure a development partner.
Once up and running, the authority said the venue could attract up to 500,000 visitors a year – boosting footfall, local jobs and the economy.
“Alongside major investment like the £83m Smithgate development, the transformation of The Halls and huge upgrades to public spaces, safety and lighting, this new venue will help make our city centre an exciting, vibrant place day and night,” Simkins added.
The plans were under consideration for a number of years and Cleveland Street had originally been earmarked as a location but the move was put on hold due to the pandemic.
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Step forward for long-planned entertainment venue
Plans for £5.5m city venue part of wider vision
New sites considered for entertainment venue
City of Wolverhampton Council
City of Wolverhampton Council
Urban planning
Regeneration
Wolverhampton
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