Belfast Waterfront Hall to be run by council-owned company
A council-owned company is to be established to run Belfast's Waterfront Hall.
A £30 million extension is due to be completed by next May. It aims to compete with other international conference venues in attracting major events and will create more than 1,500 new hospitality and retail jobs.
Detailed analysis presented to Belfast City Council recommended the council-owned model would best enable the riverside centre to compete for business.
Councillor Declan Boyle said: "The decision to invest £29.5 million in the Waterfront was a vote of confidence in Belfast's growing reputation as an international conference destination, and this recommendation now takes the crucial step of providing greater commercial freedom to the venue, so it can fully realise its potential within what is a highly competitive and fast-paced marketplace."
Work on a new state-of-the-art conference and exhibition facility, which is due to open in May, is well advanced as Belfast aims to become a major player in the global conference market with the target of generating £100 million for the city over a five-year period.