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The recommended 2,300 seat venue will be used by Leicester Riders basketball club which currently is playing its home matches at Loughborough University some 15 miles for the city.

As previously reported by the Mercury, The arena will be developed on a four acre council owned depot in Charter Street near Leicester College Abbey Park campus.

A planning function for the project is to be lodged with Leicester City Council this month and, If it is approved, Building work will begin in december.

Previously the project had been given a provisional budget of 2.5 million when considering 2,000 seats but dwelling will now contain classrooms, an exercise suite, A cafe nicely bar.

baltimore council will put 1.5 million into the scheme as well as waiving the 1.2 million importance of the site. It will in return get an annual rental income of 40,000, researched every five years over a 125 year lease period.

The Riders are making contributions 360,000, the college 500,000, suffering from 840,000 from the Government Regional Growth Fund.

Sport England is grasped to have committed 1 million subject to planning approval.

When the arena is not being utilised by the Riders it will be available for major indoor events and, at some stage in term time, It will be open to the college 29,000 higher education.

Sir andrew d said: Is something will be incredibly good news for Leicester.

will offer a home for the Riders. They have been uncertain about that for some time and it is good so that you could give them that certainty.

Will be a primary community space at those times when the Riders are not using it. Sir Peter said a bridge could be built to link the arena with Abbey Park across the canal and the project would be a major step in regenerating Leicester waterside area.

He admitted the schedule for the project was ambitious given that the site is contaminated following previous industrial uses.

It should be cleaned up at a cost of 750,000

Mr Routledge said he was pleased the scheme presents the club with a long term base after 20 years of moving around the city playing at venues including Saffron Lane and De Montfort University.

he explained: Looked at ten sites and we were left with the best. It a wonderful site. We are desperately keen to advance it.

might saving of the club. It will mean we are here in 100 years time. The arena are used by the Leicester Cobras wheelchair basketball club.

Mr Routledge said a company called Ball Hall had been asked to design and build the area which will have three basketball courts.

he explained: Have built 25 to 30 of these facilities around the country. Ms Hancock says: Have been really desperate to find new sports centers.

Existing sports hall extends back to the 1960s. It too small and it fail to be fit for purpose.

Area allocated to the college in the new arena is twice the size of our existing facilities and it is anticipated that this will raise the number of sport learners by 50 per cent from around 400 to 600 a year. She said the bar and fitness suite provides work experience opportunities for students.

The building will be owned and operated by a charitable trust including associated with the Riders, The council and the college and the area scheme can provide 16 full time jobs and 36 part time posts.

But just how could Sir Peter cut the ribbon on the Sir Peter Soulsby Sportshall, It won't have similar ring to it. or the Sir Peter Soulsby Leisure Centre, When they may call it the Sir Peter Soulsby Arena, without having it be offend places with Proper Arena Venues Like Coventry, Nottingham, future Derby, Sheffield and to a certain extent Peterborough. Sixth_swan (Nice reference furthermore), I totally come to an understanding, If Leicester is to compete for big business, And all these new hotels need to be full, We need to attract live entertainment whether sport, music, Ice roller skating, Then we'd like an arena. I were living in Cities where there are such venues, And you see posters around the city for marketing these acts, after dark winter nights, Their radio stations and towns have a buzz as big names from various entertainment and sporting backgrounds arrive in the city. What do we have at the bend, Unknown art house stage productions, which don't really excite most people. We are getting all but abandoned. And as internet marketing a money drain, no indoor Arena's in this country currently make a loss, possibly Coventry. everyone provide jobs, They all contribute towards clearing, they give revenue for parking and taxi's and buses, And nighttime businesses around them, They generate interest and raise the profile. now can you say a derelict, Or cleared gas works site does exactly the same thing?

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