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The BBC is keen to use the proposed studio but are content not having exclusive rights to it.
It is understood the plan would allow the broadcaster use of the space for 140 days a year for at least 10 years.
It would not be branded as a BBC studio, as other organisations could use it, for exhibitions, film-screenings or other cultural events.
A BBC spokesperson said: “We want our local screen industries to flourish and to do everything that we can to support BBC studio-based production in Northern Ireland into the future.
“Belfast Stories could help to make these ambitions a reality, allowing the BBC, the independent production sector and council to do and achieve more together than would otherwise be possible.”
BBC News
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