…By Alan Peterson for TDPel Media.
The Cardiff Council has released the draft voluntary ex-ante (VEAT) notice, which provides further details of the proposed agreement between the council and Academy Music Group (AMG) for the venue’s takeover.
The lease will also necessitate AMG to provide accommodation/venue services and staff support for events, without any payment from the council for these services.
By transferring the venue’s management to AMG, the council hopes to reduce its financial burden.
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The upcoming scrutiny committee meeting will further delve into the VEAT notice and chart the course ahead for St David’s Hall.