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[20 MAR 02] COVENTRY CITY NEWS
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Council Buys Arena Site |
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Coventry City Council and
partners Advantage West Midlands are to buy the former Foleshill gas
works site in the first steps towards the
development of a new multi purpose arena for the city.
Plans for the 70 acre brownfield site include a 32,000 seater stadium,
conferencing, events and exhibition space, a district centre and food
superstore.
The deal has been welcomed by Coventry City Football Club.
The land deal will be completed early next month and paves the way for
a joint venture company, with Coventry City Council, Coventry City
Football Club and other potential partners, to progress detailed plans
and designs for the multi purpose arena development.
Cllr Nick Nolan, Leader of Coventry City Council, said
:
"The city council is aware that the redevelopment of the
Foleshill gas works site will have major physical and social
benefits for the North of Coventry.
"It is essential that the city council has an active role in the
site's future development. The first step is to work closely with
the Sky Blues to develop a facility that Coventry people really
want.
"We'll now be going into detailed discussions with Coventry City
Football Club. All the partners see this as a very positive step
forward which puts renewed momentum behind the delivery of the
arena."
Mike McGinnity, Chairman of Coventry City Football Club, said
:
"This is a significant step towards a new home for the Sky
Blues in 2004. We look forward to working in partnership with
Coventry City Council to realise our dream."
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