The Taihape Memorial Park grandstand will be granted Category 2 heritage building status.
The grandstand, designed by architect Oscar Jorgenson, was constructed in 1924 and paid for by local farmers.
In July 2021 a detailed seismic assessment concluded that when in use, the grandstand had a New Building Standard (NBS) of 17 per cent and needed to be strengthened.
The grandstand has remained open to the public with warning signs in place.
The Rangitīkei District Council has considered a report outlining the full costs of strengthening the structure and Taihape residents had indicated strong support for saving the grandstand.