The £60m arena is bringing with it jobs, international events and an expected big boost to the Leeds economy, according to the council leader.
Leeds City Council leader Cllr Keith Wakefield said: “We want Leeds to be the best city in the UK and delivering this hugely-imaginative and highly-ambitious project on time and on budget in an incredibly-challenging economy demonstrates without doubt that we mean business."
Leeds Arena's reaching another milestone today. The building is officially handed over by the developers to the company which will run it. The Arena is due to open on the 4th September with a concert by Elton John.
Depeche Mode have confirmed today they will play Leeds Arena later this year as one of several new dates added to their 2013 tour schedule, which originally only featured two UK performances in London.
The British three-piece band - first established in 1980 with a line up of four - has included the venue as an addition to the European winter leg of The Delta Machine tour.
The gig will take place on Wednesday November 13, and is in line to be the 13,000-seat venue’s first ever electronic music event.