The company that manages The O2 Arena is the preferred choice to run the "iconic" Watford Colosseum when it opens following a multi-million pound makeover.
Watford Borough Council’s cabinet will decide if AEG Presents (AEG) will be awarded the contract to operate the venue on Monday, March 13.
AEG already owns and manages more than 120 arenas, stadiums, theatres and clubs across the world, with the Colosseum expected to open next year.
Mayor of Watford Peter Taylor said the potential involvement of AEG Presents is "exciting news for Watford".
He added: “AEG Presents has a worldwide reputation for great venues and fantastic live performances.
“This is a big vote of confidence in Watford and our multi-million investment in the iconic venue.”
Funding for the works, for both the Town Hall and Colosseum, come from a £3.2million grant from the Department for Business, Energy and Industrial Strategy.
Refurbishment began on the venue in March 2022, and it is part of the council’s plans to regenerate the top end of the town centre.
Mr Taylor added: “I know how much local people have missed the Colosseum and so, like me, will be looking forward to next year.
“With our new partner on board and much-enhanced facilities, the Colosseum will be better than ever before, with plenty of big names and performances heading to Watford.”
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The council said AEG Presents demonstrated its ability to attract a mix of live music, comedy, and dance acts to Watford.
It is believed that this will enhance the town’s entertainment and cultural offer contributing to the local economy.
Mr Taylor said: “Our commitment to the Colosseum’s long-term future has not only protected a vital part of Watford’s heritage and history, it also paves the way for new jobs, volunteering opportunities and a boost to local restaurants, bars and town centre businesses.”
Refurbishment has also been extended to the Town Hall, which will be home to a new, modern, and interactive museum and a space for the community.
And a hub will be introduced to support small and medium business from across the region.
In Monday’s meeting the cabinet will also be asked to approve bringing back 1930s art deco to the Colosseum and Watford Town Hall.
Mr Taylor added: "We are delighted to be making such significant progress with our Town Hall Quarter programme.
"Our plans will transform this part of the town centre, offering new spaces for our town’s wonderful heritage, for people and the community to meet and for business to take the next steps in our town to grow and be successful."
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