HULL is to get a new 3,500-capacity concert venue, conference centre and four-star hotel, as the city gears up for its role as the UK’s 2017 Capital of Culture.
Derelict land between the Princes Quay shopping centre, Myton Street and Castle Street will be used for the £42m project, which if approved is expected to create 500 new long-term jobs.
Hull Council will contribute £30m towards the venue, which would stage exhibitions, events and concerts. But the council would not run the venue once built.
The development is not expected to be completed by 2017 and is being promoted as a Capital of Culture “legacy”.
The Bondholders marketing organisation, which promotes Hull and the Humber, said the scheme would help to create a “thriving environment” for business.
Board member Anja Hazebroek said: “We are delighted to see major projects such as this being brought forward and applaud Hull City Council’s commitment of significant funds to enhance the city’s leisure, tourism and business facilities.
“There’s a real energy in Hull at the moment as the city is prepared for 2017 and beyond, with a legacy of a transformed city centre, thousands of new jobs and a heightened profile as a place to visit, invest and do business.”
Gareth Russell, Bondholders Board member and Associated British Ports Business Development Manager, Humber, said: “With unprecedented levels of investment happening around the UK’s energy estuary, it’s vital we use the City of Culture title as a catalyst to make sure those businesses and their staff have more opportunities to spend their money here.”