WISEWOOD School is to be turned into a sports centre and home for youth and community facilities – along with a base for local police.
Sheffield Council’s cabinet has approved plans for the site, off Ben Lane.
The proposals will be implemented when the school shuts in the summer and pupils are transferred to the new Forge Valley School, at Stannington.
The blueprint, which has been developed after consultation involving residents around the Sheffield suburb, also involves creating a community garden and selling a portion of the site for construction of a sheltered housing scheme.
Sports pitches would be retained for use by the local community and an all-weather pitch created.
A management trust will be created to look after the site, which is to include members of the local community.
The cabinet also approved a scheme to help developers of small and medium sized schemes in the city centre.
It involves waiving a requirement to make payments towards public improvement projects if they start work within 18 months of receiving planning permission.
Developers who complete their schemes within 18 months to two years would only be required to pay 50 per cent of the normal contribution level.
The scheme is the first of its kind in the country, say ruling Lib Dems, and will last for the next 12 months.
It is among council schemes to help boost the economy.