 In 2020, the British Airways Pension Fund sold the Red Dragon Centre to Cardiff Council for a reported £60m.In November 2018, it was reported that a 15,000-seat indoor arena would be built on the site.The Atlantic Wharf site was chosen over six other sites, including Callaghan Square near Cardiff Central railway station, the 5,000-seat Motorpoint Arena Cardiff, with an arena suggested as part of a £150m redevelopment of Cardiff Arms Park.