BAM Construction Limited was awarded the contract following a competitive tendering exercise, having demonstrated that it offered the best value in terms of quality and price.
Detailed feasibility studies and market testing show that the facility will inject £13.5 million into Hull’s economy annually, delivering 30 full-time jobs with 100-150 temporary jobs on event days.
Construction Director for BAM, Jason Pink, said: “BAM’s track record in the city of Hull has been outstanding and our appointment to build this prestigious arena is a testimony to years of successful work in many sectors here. “
The new centre will include a 3,500 capacity concert auditorium, with the flexibility to reduce to a 2,500 all-seated event and a 2,000m2 exhibition space, plus an 800 capacity conference auditorium.
Hull City Council has committed £36.2 million towards the cost of building the complex on the site behind Princes Quay shopping centre, where new retail facilities and a hotel are proposed. The investment will also modernise the adjacent Osborne Street car park.
Councillor Stephen Brady, Leader of the Council, said:”I am absolutely committed to this landmark project, which is critical to the development of the city and our plans to make Hull a world-class visitor destination.
“We will formally hand over the City of Culture title to another city in 2020, but this development will allow us to continue to attract events capable of delivering a big economic impact beyond that.”