Hull City Council plans £42m events and hotel complex
Plans for a £42m complex including an events and conference centre and a four-star hotel have been unveiled by Hull City Council.
Derelict land on Roper Street, near Princes Quay shopping centre, is earmarked for the venue.
A planning application is yet to be submitted but if approved the council hopes it will be built by 2018.
Money for the venue will come from its budget for major building projects, which is funded through a loan.
The plans come a week after the authority announced a £25m project to revamp the city centre.
With a 3,500-capacity, the venue is expected to host music acts, comedy and sporting events, as well as exhibitions and trade shows.
The authority said it hoped the new venue would "inject £16.4m into the local economy every year and put the city on the UK map as a location for major events, shows and music concerts".
Councillor Steven Bayes, portfolio holder for visitor destination and City of Culture, said: "A high-quality, purpose-built events and conference centre is absolutely essential to making Hull a top visitor destination and to ensuring that we make the most of the legacy of our City of Culture status."
The proposals are due to be discussed by the council's cabinet later this month.