THERE are other developmental schemes underway or planned for the city of Swansea include a £12m overhaul of The Kingsway, Orchard Street and some surrounding roads.
Once completed, the council will lead a new office project at the former Oceana site on The Kingsway, which will link to Oxford Street.
The authority is also redeveloping the Hafod-Morfa Copperworks site and wants to overhaul Castle Square.
More recently it unveiled plans to convert the Palace Theatre, High Street, into offices and retail space.
Longer-term, the council may redevelop the Civic Centre site and surrounding seafront land.
The plan was to relocate Civic Centre staff to a new building opposite the Grand Theatre, but the more likely option now is a move to a new Swansea Central phase two office building.
That’s because private sector companies have expressed an interest in the car park site opposite the theatre.
Cllr Stewart said the Grand Theatre would continue to receive investment once the arena was built, and that a city the size of Swansea could accommodate two large live venues.
“The arena and the theatre should be complementary,” he said.