New plans to redevelop an old bus station site in Leicestershire have been approved after years of delays.
The land in Hinckley, which also contains empty factories and derelict car parks, has seen a number of earlier schemes fall through.
A multiplex cinema, shops and a supermarket are part of the new development.
Officials rejected concerns it could affect independent shops, insisting it will benefit the whole town.
The leader of Hinckley and Bosworth Borough Council, David Bill, said he was pleased they had finally signed an agreement.
"I don't think too many tears will be shed because the site is a bit of a mess.
"All this will go and we will have a brand new development, which should set off the rest of the town centre very nicely."
Developers The Tin Hat Regeneration Partnership were selected from 12 interested parties last year and have been in negotiations with the council.
A full planning application for the scheme, known as The Crescent, is due to be submitted by Spring 2010, a start on site is expected in 2012, with it opening in 2014.