New designs have been released today (Thursday) of a proposed arena for Valencia Basket.

The arena has been designed by sports architecture firm HOK and local practice ERRE. Plans were revealed by LICAMPA 1617, the enterprise formed to deliver the €220m (£190m/$243m) arena project.

As well as hosting Valencia Basket games, the arena is set to stage music, arts, culture and other sporting events.

The arena will also include a 1,200-square-metre multi-purpose room and a 1,300-capacity car park, with the surrounding area to include a public park and new-build facilities for local school ‘Les Arts’.

The arena will have a seated capacity of 15,600, which will extend to 18,600 with standing room.

John Rhodes, director of sports and entertainment at HOK’s London studio, said: “The exciting design for Valencia Arena is a tribute to the ambitions of LICAMPA 1617 and HOK is delighted to have partnered ERRE in realising this aspiration.

“The venue is a breathtaking blend of multi-functionality, comfort, security, atmosphere and sustainability. We are confident that we are designing a world-class sports and entertainment destination that will be a valuable asset for the local economy as well as a nationwide attraction.”

The arena is expected to create more than 300 jobs and generate €10m per year for the local economy. Construction is scheduled to begin next summer, with a completion date of 2023 having been set.