When the waka was built it came under fire from Labour associate Maori Affairs spokesman Shane Jones, who likened it to plastic kitchenware, dubbing it "tupper-waka".
Mrs Cooke said a feasibility study was now under way to determine the cost, how it would work and where it would be placed to put forward to Tauranga City Council.
She said she was looking for somewhere for the Gate Pa 150th commemoration exhibition to be housed when she rang Ngati Whatua Orakei in Auckland and realised the Waka Maori was potentially available.
"It's an award-winning innovation complex. Imagine tourists being able to visit a centre which showcases our culture, our heritage, our region and technology and innovation, all in one iconic venue which really needs no introduction. We don't have something that draws all that together in a place of pride, for both locals and tourists."
The venue could hold up to 210 people for a banquet seating event or 600 people as a venue, she said.
Tauranga city mayor Stuart Crosby said the Waka Maori could be a way to revitalise the central city. "We need more attractions for our visitors, especially our cruise ship visitors, no doubt the CBD in Tauranga needs a shake up, we all know that."
Pat Spellman, Tauranga Te Reo founder, said he saw the project playing a huge role in housing Tauranga heritage and history.
Waka Maori
• 16m high x 75m long.
• 500sq m of floor space.
• Can hold up to 600 people