Possibly incredible place for a ball (3)

I believe the answer is:

lie

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'possibly incredible place' is the definition.
'lie' can be an answer for 'place' (lie is a kind of place). I am not certain of the 'possibly incredible' bit.

I cannot understand how the remainder of the clue works.

Can you help me to learn more?

(Other definitions for lie that I've seen before include "Tell untruths" , "Perjure" , "Rest; falsehood" , "Couch" , "Be prostrate" .)

I've seen this clue in the Evening Standard.

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