The new centre will receive £27.5m of capital funding from the Welsh Government and European Regional Development Fund, as well as funding from the Arts Council of Wales and Bangor University.
The project has attracted criticism from Welsh language campaigners, who claimed the scheme was neglecting the language, and are calling for any jobs created to go to Welsh speakers.
There was also controversy over the gap between the closure of Theatr Gwynedd and the opening of the centre, which is scheduled for 2013/2014.
More top news
NFU Cymru is uniting with fellow members of the Wales Farm Safety Partnership to champion farm safety at this year’s Royal Welsh Show.
The Harbour, a series about life on the Tenby waterfront, will be broadcast on the main ITV channel, ITV Cymru Wales has announced.
New figures from anti-poverty charity The Trussell Trust found that 47% of children using foodbanks in its network were 5-11 years old.