News of discussions taking place about a 6,000-capacity venue in the west of Edinburgh have been welcomed.
However, according to the Scotsman newspaper, talks should have been held years ago and the city should be enjoying the benefits of investment from a new venue such as the one being planned.
The publication said that local authorities need to work with the private sector and the government to ensure that the international market looks to Edinburgh to host events.
Figures for 2009/10 from the Edinburgh Convention Bureau (ECB) have shown an increase of £700,000 in the economic value of conferences won for the city when compared to the previous financial year.
They indicated that the value of business tourism to the Edinburgh economy increased last year to £74.2 million.
The ECB is now hoping for continued growth and it has set a target of a two per cent increase in the value of business tourism which would see the sector bring £75.7 million into the local economy.