The Royal Borough have agreed to sanction a full feasibility study of the Desborough Suite.
An independent consultant team will now be appointed to explore the possibility of transforming the suite, at Maidenhead Town Hall, into a multi-purpose entertainment centre.
The council's cabinet made some amendments to the recommendations before giving the proposal the go-ahead at a meeting last night.
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The Met Office has issued a yellow alert for Windsor and Maidenhead, Slough and Wokingham, warning that rain moving eastwards across the south of the country may turn to snow in some places.