Thanet District Council (TDC) is set to purchase Margate's Dreamland theme park site in Kent after it confirmed that a compulsory purchase order had been served.
Working in partnership with The Dreamland Trust, the council is planning to regenerate the and help establish a new tourist attraction for the seaside resort.
Margate Town Centre Regeneration Company currently owns the site, but TDC said that its efforts to secure the site had been unsuccessful and had prompted its latest move.
The regeneration project is to be funded by the council, the Heritage Lottery Fund and the Department for Culture, Media and Sport.