Hyndburn Council has backed a motion to save Oswaldtwistle's arts centre and theatre, which has been closed for six months.
Hyndburn Arts Limited managed the Lancashire venue for 13 years before the company filed for insolvency in August.
At a full council meeting, a motion was backed to recognise the building as a "vital asset". Hyndburn Council will now explore "options which will lead to the reopening of the premises".
Acting Council Leader Peter Britcliffe proposed the motion, adding: "It's so important to me that we make a very clear commitment to bringing it back into use as soon as humanly possible."
Labour Deputy Leader Noordad Aziz said they fully supported the reopening but criticised the Conservative administration, saying: “They should have brought a full report on it to the council, not just a two-line motion.
"It is not good enough."