Falkirk Council are to build a new town hall on the site of Callander Square.
The local authority will meet next week to discuss buying the site.
Construction could begin in 2026, once the area has been bought by the local authority.
The former Municipal Buildings will be sold.
The purchase does not include the Callendar Square car park which will continue to be operated by the existing owners.
Malcolm Bennie, Director of Place Services said: “Having evaluated the available sites, it is our recommendation that Callendar Square would be the best location for the new Falkirk Town Hall. It is a large, prominent site with adjacent parking, and we have negotiated an acceptable offer with the owners.
“A new Falkirk Town Hall on that site would act as a major draw for cultural activity across central Scotland, as well as provide a major catalyst for economic growth and physical regeneration in the town centre.
“It is now for Councillors to decide if this is the best way forward for Falkirk and the wider area. If they agree, then we will conclude the purchase as quickly as possible and keep moving forward with the delivery of this key project.”