For years, there has been talk about bringing a hospitality venue back to the former Dux de Lux site, once home to the Christchurch Student Union.
If the plan goes ahead, public funding through Christchurch’s Iconic Heritage Buildings fund could contribute to the project.
Arts Centre Director Philip Aldridge said the rebuild could be completed within two years for around $10 million of extra council funding.
“We want the Student Union building open and vibrant as soon as possible.
"This would bring much-needed energy and revenue to The Arts Centre and the wider city centre.”
Chief Executive of Cassels Brewing Co., Marshall Moir, said this is an exciting opportunity.
“It’s such an iconic spot that we’d love to see come back to life.
"For us as a brewery and hospitality operator…it’s a great opportunity to be a part of the city centre of Christchurch.”