SM Seaside Arena explained

SM Seaside Arena
Address:South Coast City, South Road Properties
Location:Cebu City, Philippines
City:Cebu City
Country:Philippines
Owner:SM Prime Holdings
Operator:SM Prime Holdings
Type:Indoor arena
Capacity:20,000 (max projected), 16,000 (projected)
Broke Ground:2021
Opened:TBA
Tenants:Cebu Schools Athletic Foundation, Inc.

SM Seaside Arena is a multipurpose indoor arena that is under construction in South Road Properties, Cebu City, Philippines. The arena, located adjacent to the SM Seaside City complex, is estimated to have a 16,000-seating capacity and, once completed, will be the largest indoor arena in Cebu.[1]

First proposed in 2013, the arena is planned to be a venue for local and international concerts, sports events, international conventions, and as the venue of the Cebu Schools Athletic Foundation, Inc. (CESAFI) and some select Philippine Basketball Association (PBA) games. The arena was also one of the proposed venues for the failed Philippine bid for the 2019 FIBA Basketball World Cup.[2] [3] [4]

In January 2017, reports emerged that developer SM Prime Holdings had canceled its plans to build the arena.[5] [6] However, plans for the arena resumed in late 2019, with the arena, instead of being within the SM Seaside complex, now placed within South Coast City, an adjacent mixed-use development co-owned by SM Prime with Ayala Land.[7] [8]

Notes and References

  1. Web site: Badua . Snow . October 22, 2013 . Slightly smaller version of MOA Arena set to rise in Cebu, says official . November 14, 2022 . Spin.ph .
  2. Web site: Mancelita . Ram . October 18, 2019 . Soon to rise: Seaside Arena in SRP, Cebu City . November 14, 2022 . Sugbo.ph . en-US.
  3. Web site: dotPH domains available portal . 2022-11-14 . rivals.ph.
  4. Web site: Henson . Joaquin M. . Expansion for PBA? . November 14, 2022 . Philstar.com.
  5. News: Nalzaro. Bobby. Nalzaro: SM to cancel multi-billion projects. January 23, 2017. Sun.Star Cebu. Sun.Star Cebu. January 23, 2017.
  6. News: Limpag. Mike T.. Limpag: Fans dream of arena foiled by politics. February 6, 2019. Sun.Star. Sun.Star. January 25, 2017.
  7. News: Lorenciana . Carlo . 26-hectare ALI-SM project at SRP to start construction in Q1 2020 . . December 9, 2019 . November 21, 2020 .
  8. News: Sino Cruz . Irene R. . SM-Ayala consortium bares details of multi-billion SRP development . . November 12, 2019 . November 21, 2020 .