During a second public consultation held in the city last week, AEG said it plans to host a range of events at the new arena, from music and comedy shows to sporting events, taking advantage of the proposed arena’s flexible seating plan.

“We plan to bring 150 plus events a year to Edinburgh. It’s quite an open and flexible venue so it would be great also for Fringe shows. We can drape areas to make it smaller if needed,” said Alistair Wood, AEG Europe’s VP of real estate and development.

“We have been looking around Edinburgh for a long time and initially looked at a site further down in Edinburgh Park but this is perfect. We hope to put the plans in to the council in February and then we are hoping for a quick decision.”

Addressing concerns that the HOK-designed venue might be too small for the market, Mr Wood said AEG is not looking to compete with other Scottish venues such as the OVO Hydro (cap. 14,300) in Glasgow or the 15,000-capacity P&J Live arena in Aberdeen.

He added: “We did a gap analysis of the UK to see where the big gaps were in terms of arenas, and Edinburgh was the best place. We are not planning to go head to head with the Hydro in Glasgow but perhaps see artists who play there also play here.”

If approved, the Edinburgh Park Arena is set to open to the public in 2027.