Plans for a new £350 million music and indoor sports arena next to the Etihad Stadium have been approved by Manchester Council today.
American firm the Oak View Group (OVG) wanted to build the 23,500 capacity venue, which would become the biggest indoor arena in Britain, on land next to Manchester City's home and the Ashton Canal.
They claim that it could bring in as much as £1.5bn into the city’s economy over the next 20 years.
The existing Manchester Arena was bitterly opposed to the proposals, saying they fear it could drive them out of business.
However, OVG insists the city can accommodate more than one arena, as in the case in Birmingham and London.
Council officers recommended it be approved in their report to councillors





