 On 17 December 2019, it was announced that Cardiff Council's cabinet had been granted permission for the local authority to purchase the Red Dragon Centre from the British Airways Pension Fund (BAPF) for an undisclosed sum.An element of the purchase price will only be payable to the pension fund when a planning application is submitted for the new Arena project on any part of the Atlantic Wharf site (the combined County Hall and Red Dragon Centre site) within a 10 year period.The council aims to appoint a development partner and operator for the new arena by April 2020 and aim for a detailed planning application to be submitted by the selected developer before September 2020.