Featured image credit: HOK
The final construction phase for Roig Arena, a new 18,600-capacity arena being developed in the Spanish city of Valencia, has been given the go-ahead by the city council.
Spanish billionaire Juan Roig is bankrolling the project through the Licampa 1617 holding company, which has been granted a licence to complete construction, according to the EFE news agency.
The decision paves the way for the third phase of construction, focusing on the completion of the arena and the nearby car park, to be carried out. The licence also approves the scheduled opening of the arena next year.
The arena, designed by HOK and local architecture practice ERRE Arquitectura, will serve as the home of Valencia Basket. It will have a maximum capacity of 15,600 for basketball games but will be able to accommodate up to 18,600 spectators for concerts, which would make it the largest arena in Spain ahead of Madrid’s WiZink Center.
In November, it was announced that the venue would officially be known as the Roig Arena in recognition of the legacy of Roig and his family. The venue had previously been known as Casal España Arena de València.
It has previously been reported that Roig will be investing €220m (£190m/$236m) of his personal assets in the project, and the budget is now said to have risen to more than €280m. In March last year, Roig announced that the delivery date for the venue had slipped from 2023 to 2024.
Work on the arena began in June 2020. As well as the 1,300-space car park, the complex will feature new headquarters for Valencia Basket, a multi-purpose hall, catering areas, and other terraces and premium spaces.
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