The Carlsbad Department of Development has agreed to sell part of the Cascades at Carlsbad.
Cascade Entertainment intends to develop the property to include a family entertainment center.
Its plans also include a hotel and retail shops.
The blueprint features five theater auditoriums, 12 modern bowling lanes, a laser tag arena, arcades, and a sports grill.
Former mayor CDOD president Bob Forrest has come up with the Cascades.
The project broke ground a decade ago, and organizers remain committed to its completion.