The new Aberdeen Exhibition and Conference Centre (AECC) was planned to open in 2017, but the project was put on hold last year after council officials requested more time to examine the risks. A final decision on whether to proceed with the new development is due in March.
The Aberdeen City Council has requested financial backing from the Scottish government and Scottish Enterprise for the project. Finance convener Willie Young told C&IT that they were hoping for an investment of at least £30m.
"Scottish Enterprise and the Scottish government needs to invest in this city. The Scottish government invested heavily in conference centres in Edinburgh and Glasgow, but now is the time to concentrate on Aberdeen.
"We’re having problems at the moment with the oil and gas industry up here. We need to send a strong message out to them that we as a council are fully supportive of them, and that means that we need to invest in the AECC."
The project would see the current AECC site at the Bridge of Don demolished, with the new centre constructed on a 150-acre site at Bucksbarn. The centre would include a four-star hotel and significant conference space.