Plans to transform the controversial South West Film Studios site in Cornwall have been unveiled.
Office space and some affordable housing is also planned
Former director of the studios, Alex Swann, is due to be sentenced later this week after pleading guilty in March to a £1.8m grant fraud.
But now an unconnected company has bought the 10-acre derelict site on the outskirts of St Agnes and hopes to have the studios up and running again.
St Agnes Properties Ltd also has plans for a Cornish Film Academy.
South West Film Studios went into administration in 2004 and Mr Swann admitted fraudulently obtaining nearly £2m in EU grants.
The demise was Objective One's highest-profile failure in Cornwall.
Then last year the site was bought for an undisclosed sum by Gloucestershire-based property developer Marilyn Gough, who set up St Agnes Properties Ltd.
The new studios will be supported financially by additional work units, office space and a significant element of residential development, including some affordable homes for local people.
Ms Gough told BBC News the company was already in discussion with several film and television producers.
"It's early days because I can't show them round a finished facility yet and we're waiting to get our planning before we finish everything, but we are very confident," she said.
Plans will be on show at a public meeting in St Agnes on Monday evening.