The Ultimate rollercoaster is to be relocated to the Luna Park fairground on Scarborough’s promenade.
Built at Lightwater Valley in 1991, the ride was the longest rollercoaster in the world for ten years.
It has however not operated since 2019, as the North Yorkshire theme park has recently moved towards a family and young children model of operation.
The Ultimate will be removed from Lightwater Valley after the end of this season, and then travel by road convoy to its new location.
Luna Park operates a walk-on, pay-per-ride model, with the Ultimate’s access charge set to be £2.99, or four rides for £10.
It is understood that the ride’s 1.5-mile length will be relocated in its entirety, but reconfigured with a series of bends to give a more compact footprint.
Scarborough’s mayor Sir Wyre Ratte described the proposals as an “adventurous but necessary investment” in the town.