DEC 00] COVENTRY CITY
Coventry City's Arena Statement
full text of the statement issued today by project director
problems of balancing architectural dreams with the reality of
building costs, commercial returns and funding are well known.
Millennium Dome and the proposed new Wembley Stadium are two
recent examples of how large and complex building projects can
spiral out of control without firm and realistic planning and
2001 is a complex and very expensive project - it is unique in
Britain and we need to get it right before we can safely start
on the building work.
the arena is unique we must be able to agree with the builders a
maximum fixed price contract for the Arena.
is likely that the project will cost in excess of £172m, of
which £60m is for the Arena, and we cannot afford to get either
the design or the technical aspects of the Arena wrong, or to
have any increase in costs when the building work commences
which we then cannot afford to meet.
there is a great deal of technical work that has been happening
and will need to be concluded over the coming months to enable
Arena 2001 Limited to sign up to a contract which will deliver
what we want and what we can afford.
an important exercise is of course time consuming and this is
particularly frustrating when set against the great enthusiasm
that exists in Coventry for the project to be built.
great deal of time and effort has been spent on value
engineering and the inevitable redesign work that always goes
hand in hand with such an exercise, but we can now safely say
that we have an Arena design that not only satisfies our dreams,
including retractable roof and sliding pitch, but is affordable
involvement of The NEC Group is very important to the Arena
are, and will continue to be, significant detailed discussions
with The NEC Group about their overall involvement and
management of the Arena, recognising that football is only part
of the overall business of the new development.
a result of the very positive engagement with The NEC Group, the
Arena plans have in part been redesigned to incorporate The NEC
Groupís requirements in terms of conferencing, banqueting,
exhibitions, concerts and large scale entertainment usage, as
well as a variety of bars and fast food outlets to cater for the
year round use of the Arena as a multi use venue for a whole
range of sporting events in addition to football.
NEC Group have introduced a number of new facilities, including
conference and banqueting facilities that will seat in excess of
1,000 people, which has been provided without in any way
compromising the key aspects of the original Arena design Ė
the retractable roof and playing surface.
NEC Group involvement is actually creating a bigger and more
business focused development.
NEC Group are totally committed to working with the Arena to
form an effective and profitable partnership.
Barry Claverdon, Chief Executive of The NEC Group said
are delighted to be working very closely with the Arena 2000
team to ensure that our extensive venue management experience
helps to develop and operate a sports and business facility that
will become a venue of national importance."
all projects of this size and specialist nature, we have over
the last 12 months suffered the frustration and irritation of
planning objections to parts of our development and the
unavoidable long, drawn out negotiations over land assembly.
in any scheme of this complexity the necessity of securing all
land at a price that can be afforded is key.
work is still ongoing and we hope to resolve it in the near
City Council have made it clear that if the project is
fundamentally challenged with difficulties in acquiring the land
needed, then they will pursue compulsory purchase powers.
is clear that there is a commitment of all key parties in this
project to make it happen, but it is a complex, unique and
expensive project and everybody that needs to sign up to it has
to be assured that they are comfortable that all key aspects of
financing, land, legal, etc. issues have been dealt with.
therefore are now working to what we all believe is a realistic
timetable and that timetable with include:
of the design and the costings of the Arena and all onsite and
all necessary agreements on financing
land acquisitions costs, etc.
the Hodgkins Family to their new home - work on the new home
site is scheduled to commence in January 2001.
up the remaining gas holder, scheduled May 2001 when the
Hodgkins Family has moved.
significant work of decontamination/reclamation works on site
that need to be completed before any building work can start.
and agreeing the contract period and the maximum fixed price
cost of the contract.
parties agreeing to a target date for commencement and
completion - our aim is to commence work on site next summer and
complete the Arena in time for the kick-off of the 2003-04
£10m has already been spent on major enabling works at the old
gas works site at Foleshill which has included building a new
pressure reduction station, re-laying around the perimeter of
the site a number of large diameter, high pressure gas mains and
the demolition of 4 gas holders.
know how important this project is to Coventry people, but also
it is a project of regional, national and international
significance. We cannot afford to get it wrong and we must
ensure that all those key parties to the deal (the Football
Club, The NEC Group, Tesco, the builders of the project, the
Government, through the regional development agency, the City
Council, etc) are all signed up to deliver what is a very
all the other important developments going on in the north of
Coventry, the Arena in the Heart of England project must be
successful - we cannot afford to get it wrong.
The financial and regeneration implications are too
we are doing in Coventry is unique and will significantly change
the image of Coventry and the West Midlands for the future. Be
assured that there is an enormous energy and activity going on
to drive the project forward.
know what needs to be done and we are doing it.
[15 DEC 00] SKY BLUES 'ARENA
2003' TO COST £172m
SEE [15 DEC 00] COMMENT
YOUR BREATH FOR NEW STADIUM
[07 DEC 00] SKY BLUES
STADIUM FACES NEW THREAT