Bradford Council has signed a 25-year contract for the delivery of the city's newest entertainment venue, the 3,800-seat Bradford Live.
The deal with Trafalgar Entertainment will guarantee the council annual rental income for the venue and a share of the profits.
The council estimates the deal has the potential to boost its total income by about £17m over the life of the lease.
Cllr Susan Hinchcliffe, leader of Bradford Council, said: ‘Now that Trafalgar Entertainment are confirmed as the operators, we are happy to reveal the details of the contract.
‘This project is about so much more than the money though; Bradford Live is a building the people of Bradford campaigned to save, and we did.
‘It's a building of social and cultural significance which has now been restored as one of the premier venues in the country with a bright future ahead under the expert management of Trafalgar Entertainment, who we’ve been delighted to welcome to Bradford.’
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