Milton Keynes is set to emerge as a leading hub for live music and large scale entertainment after the confirmation of a landmark £76 million investment in a brand new multi purpose events venue. The Milton Keynes Development Partnership (MKDP) has confirmed ATG Entertainment, a major global force in live theatre and music, as its chosen partner to run the venue.

A New Chapter for the City Center

The new venue is planned for the Old Bus Station site on Elder Gate and will have a capacity of 4,000. It is intended to fill a clear gap in the city’s cultural offering. Milton Keynes Theatre has played a central role in the area since 1999, but its scale restricts the range of productions and performances it can host. The new venue will open the door to major concert tours, high profile comedy shows and large live productions, with more than 100 headline events expected each year.

Positioned in a key part of the city, the development will sit alongside the refreshed Station Square and the new £150 million Unity Place. It is expected to draw over 300,000 visitors annually and further establish Milton Keynes as a major cultural destination within the region.

Economic and Community Impact

Away from the performances themselves, the venue is projected to deliver major benefits for the local economy. Current estimates suggest it will generate

£158 million in combined economic and community value.

Around 70 new jobs across a range of roles.

A notable increase in city center footfall that will support local bars, restaurants and retailers.

Nicola Sawford, Chair of MKDP, described the scheme as a “world class events venue” that aligns with ambitions for a “lively and inclusive city center.” Nick Potter, COO of ATG Entertainment, said the city’s “expanding population and strong appetite for culture” make it a natural choice for this kind of development.

Next Steps and Opening Date

The formal planning process is expected to get underway later in 2026 and will include a public consultation, giving residents the opportunity to contribute to the final plans. Subject to approvals and construction, the venue is currently scheduled to open its doors in 2029.

Earlier on Friday, Jan. 30, news reports announced an upcoming Netflix documentary exploring the early years and success of the Red Hot Chili Peppers and the impact of the band’s original guitarist Hillel Slovak, who died in 1988 of an accidental heroin overdose.

Directed by Ben Feldman, Variety reported that The Rise of the Red Hot Chili Peppers includes input from members Anthony Kiedis and Flea and is set to premiere on March 20. “At its heart, this is a deeply relatable story — about the friendships that shape our identities and the lasting power of the bonds forged in adolescence,” Feldman said in a statement at the time. “What’s less relatable, of course, is that here those friends went on to create one of the greatest rock bands in history. I’m profoundly grateful to the band and to Hillel’s family for their trust and generosity, and to Netflix for helping bring this story to the world stage.”

However, following the announcement, the band later released their own statement distancing themselves from the project. “About a year ago, we were asked to be interviewed for a documentary about Hillel Slovak. He was a founding member of the group, a great guitarist, and friend. We agreed to be interviewed out of love and respect for Hillel and his memory,” wrote the band in a post shared on social media. “However, this documentary is now being advertised as a Red Hot Chili Peppers documentary, which it is not,” they clarified. “We had nothing to do with it creatively. We have yet to make a Red Hot Chili Peppers documentary. The central subject of this current Netflix special is Hillel Slovak and we hope it sparks interest in his work.”

The group originally encompassed Slovak, Kiedis, Flea, and drummer Jack Irons. It has since gone through several iterations following Slovak’s tragic death, with Irons leaving the group soon after.

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