The North End Lake Precinct is set to be redeveloped after the Management of the Nelson Mandela Bay Stadium and Mandela Bay Development Agency (MBDA) met for talks. This development would help increase the region’s economic activity.
Chantal du Pisani, the CE of Access Management who run the stadium on behalf of the municipality said a major milestone for the North End Lake Precinct project would be a partnership with major companies to help maximise the precinct which will be located between the lake and the ocean with an extension beyond the stadium bowl.
The aim of the North End Lake Precinct project was to establish Port Elizabeth as the water sports capital of South Africa, enabling the city to host events comparable to Ironman SA, splash festival and Ocean Racing Series at the North End Lake District.
The stadium helped generate US $47.89m between 2011 and 2013.
