City centre councillors welcome announcement following years of lobbying.
Manchester City Council is set to launch a second bid for a compulsory purchase of London Road Fire Station from current owners Britannia after decades of neglect.
The city council made an attempt in 2011 which was overturned by local government minister Eric Pickles.
Cllr Kevin Peel, who lives close to the fire station, said:
"My colleagues Cllr Joan Davies, Cllr Beth Knowles and I have long supported a second CPO and have raised it with Sir Richard Leese on multiple occasions.
"The council has always been clear that it was prepared to issue another CPO but needed to be confident of success. It is now clear that despite repeated promises, Britannia Hotels have no intention of developing the site or halting its decline and the time is right to make another bid to either force them to action or wrench it from their control and work with a more proactive developer.
"Our lobbying and the support of Friends of LRFS and others in the community has played a part in bringing this about and we'd like to thank local residents who have shown support for this wonderful building.
"We have launched a petition seeking the support of residents for the CPO. You can sign it here - please share it with you friends and help us to make a strong case that local residents want to see this beautiful building restored and developed appropriately."
The decision will be discussed by the city council's executive on Wednesday 1st October. View the executive report here
Sir Richard Leese, Leader of Manchester City Council, said:
"London Road Fire Station is a wonderful landmark building with the potential to make a significant contribution to the regeneration of the Piccadilly area.
"But over more than a quarter of a century, it has been allowed to blight this part of the city centre instead. The building's current owners have presided over its deterioration and disuse. Despite making public commitments to bring it back into use, they have so far failed to demonstrate any genuine intention to do so. In this case, their inaction speaks louder than words.
"We are giving them one last chance but they need to act quickly to take it. The people of Manchester have waited long enough for this fine heritage building to be brought back to life, and we will do everything in our power to make sure this happens."