Christopher BarrettMilton Keynes Development Partnership (MKDP) said it will invest £76m in the creation of a new, 4,000-capacity entertainment venue in the city.
ATG has been appointed as the operator of the multi-purpose venue at the Old Bus Station, Elder Gate, which is expected to open in 2029. The venue’s name is yet to be confirmed.
MKDP said it expects the new venue to attract more than 300,000 visitors per year to a diverse range of shows, deliver around £158m in economic and community benefits, and create approximatley 70 jobs.
ATG has operated Milton Keynes Theatre since it opened in 1999. Nick Potter, its chief operating officer, said, “This new venue will complement the success of Milton Keynes Theatre by enabling larger-scale live music, comedy, and entertainment experiences that cannot currently be accommodated, broadening the city’s cultural offer for residents and visitors alike.”
MKDP said the development forms part of its Business Plan for 2024–2027, which is focused on “transformative placemaking projects to enhance the city centre and provide facilities befitting a growing city”. It will begin the planning process later this year, including a public consultation. Construction is expected to start soon after.
“Identifying ATG as our preferred partner takes us one step closer to delivering a world-class events venue for Milton Keynes,” said MKDP chair Nicola Sawford. “This project reflects our shared vision with Milton Keynes City Council to create a vibrant, welcoming city centre that offers something for everyone. The venue will not only bring incredible live entertainment to the heart of the city but also boost the local economy, create jobs, and strengthen Milton Keynes’ reputation as a destination for music, culture, and events.”