The 02 Brixton Academy in London - where two people died in a crush last year - can reopen after councillors voted to restore its licence.
The music venue, in the south of the city, has been closed since the deadly crush on 15 December last when fans tried to force entry into a show by Nigerian artist Asake.
It faced permanent closure after the Metropolitan Police urged the council to remove its licence, having indicated it had no confidence in the company which owns the Academy to run it.
But following a two-day hearing, Lambeth Council's licensing sub-committee has voted to allow the venue to continue operating - so long as it meets "77 extensive and robust new conditions".
Responding to the decision, Brixton Academy said it was "immensely grateful" to the council and would reopen at first with test events.
The company which owns the Brixton Academy, Academy Music Group (AMG), told the committee that it had developed new safety measures in an effort to have its licence restored, including stronger doors, a better queuing system and more secure ticketing.
AMG said changes to its operating policies had been developed by "leading professionals" to prevent a repeat of last year’s events.
The company, which has operated the venue for 20 years, has done "all in its power to analyse what went wrong", the barrister representing AMG, Mr Philip Kolvin, added.
The venue has spent £1.2 million (€1.4m) on maintenance and improvements this year, despite being closed, he added.
The Metropolitan Police urged the council to remove the licence after "large-scale disorder" at the scene, with 1,000 people trying to force their way in.
When the doors were breached the crowd poured into the lobby towards the auditorium and surged over people who had fallen to the floor.
Councillors previously suspended the venue’s licence for three months and the decision was supported by its owner.
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Brixton Academy has its licence temporarily suspended
Counsel Gerald Gouriet, representing the police force, said it was not trying to shut down the venue, but believed AMG should no longer be the licensee.
23-year-old security guard Gaby Hutchinson and Rebecca Ikumelo, 33, died.
A 21-year-old woman, who was injured in the crush, remains in hospital in a critical condition.
A total of 165 security staff were in place for the Asake show, the highest number the venue had ever used, the committee was told.
A police investigation was launched and the UK's Security Industry Authority opened an inquiry into corruption allegations made after the crush.
Councillor Dr Mahamed Hashi, Lambeth's cabinet member for safer communities, said: "AMG will now need to put in place the agreed measures to enable the re-opening of this much-loved local venue, which is a key part of Brixton’s cultural heritage and has been enjoyed by millions.
"We will be working to closely monitor all licensing conditions to ensure that safety is at the forefront of the venue’s future operations."
Brixton Academy said it looked forward to welcoming fans back.
In a statement, the venue said: "We are immensely grateful to Lambeth Council and Lambeth Licensing Sub-Committee.
"We continue to be devastated by the events of last December. Our heartfelt condolences remain with the family and friends of Rebecca Ikumelo and Gaby Hutchinson. What happened was and is a tragedy and we are committed to ensuring that it can never be repeated.
"Over the past nine months, the venue’s importance to the local community and the live music scene in the UK has been made clear.
"Academy Music Group is determined to learn all appropriate lessons from the night of December 15 2022.
"As the Licensing Sub Committee knows, the venue must implement all the new conditions and will reopen at first with test events. The commitment we give to work in close partnership with all the responsible authorities as we reopen is a serious and sincere one.
"There will be announcements on activity and a timeline in due course. We look forward to welcoming fans back to this iconic venue."
The Metropolitan Police said officers will work with Academy Music Group and Lambeth Council to ensure the public can enjoy events at O2 Brixton Academy again.
The force said its "investigation to establish the circumstances of what caused the tragic incident on 15 December 2022 is ongoing."
