The Arena project has three partners, Leicester Riders, Leicester College, and Leicester City Council.
The project is being funded by the partners, and Sport England and the Leicester & Leicestershire Enterprise Partnership.
LCC owns the site at Charter Street and is providing a long term lease of the site (125 years) to a new company, Leicester Community Sports Arena Limited (LCSAL), owned by the Rider’s charity (Leicester Riders Foundation), with the company paying a commercial rent for the site. The Arena project is designed to allow the potential for the development of future additional facilities on site.
The Charter Street site was selected by the City Council following a detailed site selection process. It is noted the location is on a route of Connecting Leicester (to Abbey Park).
The £4.8m Project also included remediation of the contaminated ex-gas works site at Charter Street, and the provision of car parking and landscaping.
The Arena project build is led by the Riders through LCSAL, with an agreed management and governance structure with the Council and Leicester College.
The Arena will be the new home to the Leicester Riders and Leicester Cobras Wheelchair Basketball Club, but will also be a regional basketball centre of excellence. It will serve as Leicester College’s Sport teaching and learning facility, and as a large multi-use sports venue the local community.
The Arena will be operated with all surpluses re-invested in the Arena, or in sports community outreach activities in deprived local communities, as are already being delivered by the Riders through the Leicester Riders Foundation.
Leicester College will use the Arena during term time as part of the teaching and learning offer to all Leicester College learners attending sports courses. And all of the College’s 27,000 students would also be offered access to the facilities through a membership scheme for sports enrichment activities.
The Arena Business Plan leverages the very large community development programmes of Leicester Riders. The Arena will deliver highly structured community sports participation opportunities for the community.
The new Arena is located at 31 Charter Street, LE1 3UD.