Charcoalblue's vision was revealed at a Hamilton City Council meeting on Thursday, and councillors unanimously backed more investigation of the concept.
Waikato chairman Leonard Gardner said.
design report said.
building. There would be entrances from
Moore-Jones Place.
The main theatre would have a maximum seating capacity of about 1100, be flexible to suit various genres and cater for different crowd sizes without feeling empty, councillors heard.
Less formal performances areas would be in the foyer - which overlooks the river - and the courtyard.
The hotel part of the plan is somewhere between a possibility and a probability, Gardner said.
It would incorporate the Hamilton Hotel facade, use some parts of the former hotel, and could help the project be transformational for the city, Gardner said.
People could come for a weekend trip and stay in the hotel, enjoy Hamilton hospitality, take a ferry to Hamilton Gardens and see a show.
The theatre is expected to cost $72.9m - around $12m of that is contingency funding - with costs would be shared between local councils, donors and central government.
Elected members were quick to praise the proposal.
It's on "the most stunning site in Hamilton City", Mayor Andrew King said.
The city was owed a theatre and Momentum Waikato has turned obligation into opportunity, Councillor Mark Bunting said.
Cr James Casson said it could be one small step for Momentum Waikato, but a giant leap for Hamilton. But he wanted neighbouring councils to contribute to the $30m share Hamilton City Council is taking the lead for.
Cost also concerned other councillors, including Garry Mallett. "I'm very supportive of this going ahead. I struggle with the current financial situation that council is in," he said. Every dollar invested into a project meant more maintenance costs later, he said.
The future of Founders Theatre also came up, and Cr Angela O'Leary was not at all supportive of demolishing it.
Several community groups had approached her with ideas for its use and council needs to talk to them, she said.
No designated car parking is included in the new theatre design, which also prompted questions.
It's not sensible to bring 500 cars to one main street spot, Charcoalblue Melbourne studio principal Eric Lawrence said.
However, Charcoalblue will look into options that could help in the next stage of concept design, and there would be provision for people who needed to get close to the theatre or be dropped off.
Work on the theatre proposal started in July 2016, when council committed a maximum of $30m to a Momentum Waikato-led Waikato Regional Theatre project.
Council also put $100,000 into planning.
On Thursday, councillors voted unanimously to receive the latest report.
Cr Phillip Yeung is on leave and Dave Macpherson was not present for the vote.
The next update to councillors will be at a September 21 meeting.
It will include management's response to the design, the financial effect of council contributing $30m plus GST and of ongoing annual contributions, a report said.
Councillors will also hear about the options - and costs - of Founders Theatre's future, and a plan for public consultation on both theatres.
What would Waikato Regional Theatre be like?
* on Victoria Street, at the site of former Hamilton Hotel
* 6432sqm
* formal auditorium with flexibility to suit different events
* less formal foyer and courtyard performance spaces
* suggested maximum seating of 1100
* budget is about $73m, including around $12m contingency
* could be open in July 2021 if a decision is made in 2017