Plans for the Bristol Arena are expected to be approved at a city budget meeting tonight.
The £90 million venue next to Temple Meads would have a capacity of 12,000.
Work could start in January 2016 if the scheme gets the go-ahead.
The City Council has raised £53 million for the project and is planning to borrow the rest. The meeting will also debate cuts and a 2 percent rise in council tax.
More top news
A 26-year-old man's daily acts of kindness have won him an army of online fans.
An 82 year old woman from Cheltenham has been jailed for stabbing her husband because she believed he was cheating on her.
A young woman from Somerset is about to spend her first healthy Christmas in years after receiving a liver transplant.