The project is being developed in conjunction with Cross River Rail.
The venue is expected to have a capacity of 17,000 to 18,000 people and cost $2.1 billion to construct.
[2] The arena was originally going to be located in a new precinct, situated above existing railway lines, directly east of Roma Street railway station.
[3] The site was partially occupied by the now demolished Brisbane Transit Centre.
In March 2024, the Premier of Queensland, Steven Miles, announced that the Brisbane Live arena would be relocated to the Roma Street Parkland, rather than be built above the Roma Street railway station.