The highly anticipated Cebu Arena, or called the Seaside Arena will soon to rise in SRP, Cebu City after being presented by Mayor Edgar Labella during his 100 Days of Service speech on October 16, 2019.
The Seaside Arena will feature a seating capacity of 16,000 (almost same size as Mall of Asia Arena located in Manila). It is eyed to become the prime venue for major events such as local & international concerts, sports events, international conventions, among others.
It will also offer a premiere Convention Center, office towers, and condominiums.
The SM-Ayala Consortium will invest a staggering amount of P307.2 billion for the 26-hectare Seaside Arena, which will be constructed in SRP beside the SM Seaside Complex. The propose Cebu Arena is expected to generate 2 million jobs in Cebu at full development, with target completion in 2025.