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The 4,000-capacity venue forms part of MKDP’s updated Business Plan for 2024–2027 which focuses on placemaking projects to enhance the city centre.
It will complement ATG’s successful operation of Milton Keynes Theatre since it opened in 1999 by enabling larger-scale music performances and live experiences that the existing theatre cannot accommodate.
The venue will be located adjacent to the recently revitalised Station Square and close to Unity Place, Santander UK’s new £150 million headquarters and community hub.
MKDP will begin the planning process later this year with construction expected to start soon after and the venue scheduled to open in 2029.
Nicola Sawford, Chair of MKDP, said: “Identifying ATG as our preferred partner takes us one step closer to delivering a world-class events venue for Milton Keynes. This project reflects our shared vision with Milton Keynes City Council to create a vibrant, welcoming city centre that offers something for everyone.”
MKDP is an independent organisation owned by Milton Keynes City Council.