Blackpool Council bosses today confirmed they had signed the deal to buy what was once the town’s biggest nightclub.
The Syndicate building on Church Street has been secured by the council for £635,000.
The council has said that unless someone comes up with a better idea, the building, which was once the ABC cinema, will be demolished in a £1.3m scheme to create a car park in the short term with potential for development in the future.
The ABC played host to the likes of The Beatles, Jimi Hendrix and Genesis before it was converted into the superclub in 2002.
In its heyday it attracted 4,000 clubbers on Saturdays.
Campaigners have been battling to save what they see as an important part of the resort’s entertainment heritage and have held public meetings to come up with ideas to save it.
Coun Graham Cain, cabinet member for tourism and culture, said: “We have always been very clear on our position with regards to the former Syndicate building.
“As a council we think the best option in the short term is for it to be demolished. It’s a strategic site in the town centre and has a lot of potential for future development.
“When the campaign started to save the building we offered campaigners the chance to come to us with a business plan for an alternative use.
“To date, no-one has taken up this offer which is why we are making the necessary arrangements to progress our plans.”
The Blackpool Civic Trust said the building no longer contained anything of historic value.
Civic Trust chairman Elaine Smith said: “As a group we felt the loss of the ABC was unfortunate and we recognise the value of the building as a performance venue, but we are unable to justify supporting a campaign that might have a wider negative impact on other buildings at risk in Blackpool.”