A former arms dump earmarked for regeneration in Cumbria has been sold to two councils for only £1.
Allerdale Borough Council and Cumbria County Council have purchased the 1,050 acre Broughton Moor depot, near Maryport, from the Ministry of Defence.
Both authorities hope to transform the Derwent Forest site into a leisure, residential and business complex by marketing it to private developers.
It is one of the biggest brownfield sites in the UK.
Councillor Joe Milburn, leader of Allerdale Borough Council, said: "I am delighted that this important milestone has been reached.
"Derwent Forest has immense potential to raise the profile of west Cumbria at regional and national level, attract inward investment to the area and create jobs and training opportunities, which will impact positively on local communities."
The deal has been approved by the Northwest Regional Development Agency.
Ambitious plans to develop the old munitions dump as a eco-tourist attraction, featuring an "elemental" theme park, were scrapped in 2005 after a funding crisis.