The city council has come to the rescue of Tauranga Millennium Track Trust and will fund half the cost to replace the Domain's artificial running track.
The $395,000 grant follows the shock disclosure last year that the original 15-year life of the existing track had shrunk to nine years.
Agreement to fund half the cost of the alternative Polyurethane Sandwich Surface System was made by the council this week during debate on submissions to the 2015-25 Long Term Plan.
The trust has agreed to find the rest of the money. It will also have to meet a quarter of the $60,000-a-year bill to depreciate the track by the introduction of user fees starting July 1 next year.
Councillor Matt Cowley said he had received mixed messages from the athletics fraternity about whether the trust would be able to find the other $395,000 by 2017. He was told corporate naming rights for the track was not precluded by the council.