Eastleigh Borough Council has now officially bought the Rose Bowl site in West End - home to Hampshire County Cricket ground.
They plan to develop the site with a hotel, spa, golf course and leisure complex in a project costing £48 million pounds.
The former Rose Bowl company had run into financial difficulties which had threatened its future.
More top news
Amanda Houston has the latest forecast for the west of the ITV Meridian region
Amanda Houston has the latest forecast for the east of the ITV Meridian region
The brother of a Kent sailor killed during the Clipper Round the World yacht race says being aboard his boat will be emotional.