The future of the Greig Hall in Alcester has been decided following a three-day court hearing at the High Court in Birmingham last week.
Stratford-on-Avon District Council has been granted a vesting order, which will see the site transferred to the District Council in full and final settlement of the outstanding debt.
Under the terms of the Court Order the property should transfer to the District Council on 31 January 2020.
Cllr Tony Jefferson, Leader of Stratford-on-Avon District Council says: "This is fantastic news and testament to the expert team of officers and legal team who have been working on this case so diligently.
"This has been a concern to the District Council for a number of years and we have been working with the Greig Trustees over a number of years to try and find a way to resolve the difficult situation that existed around the Greig Hall and the Lifestyles building. We look forward to working with the Trustees to achieve a smooth handover for all users.
"The District Council is committed to safeguarding the future of the site for the residents of Alcester, the surrounding area and future generations and has funds ring-fenced to invest into the leisure facilities. With ownership of the site coming under the District Council's control we will be able to fulfil one of our Corporate Priorities which is to refurbish the Lifestyles Sports Hall at the Greig Centre as a priority."
