The quarter-mile track hosted up to 15,000 spectators
Campaigners hoping to buy the land of a Roman chariot track in Colchester have reached their target of £200,000.
Colchester Archaeological Trust and Destination Colchester had until the end of February to raise the money to buy the land from owners Taylor Wimpey.
Campaign spokesperson Wendy Bailey told BBC Essex it marked the end of 'phase one' to the save the historic site.
"We have a very strong position now in order to complete the package which has to be put together," she said.
"It's a very big building that we're trying to buy and now we've got part of it, we've got to lock in all the other partners."
The money has come from a variety of
private sources and fundraising,
as well as a pledge of £30,000 from Colchester Borough Council.
"This means we can apply for heritage lottery funds and other funding," said Wendy.
"We're now looking at how to put this complicated financial package together."
The remains of the chariot racing track at the town's former Garrison were
discovered under the former sergeants mess
by an archaeological dig in 2004.