North Somerset Council and the Grand Pier Company have reached an agreement on a number of issues related to the redevelopment of the attraction.
Since last week when news first broke that there was a problem, the two sides have met every day and negotiated an agreement that means the £34million project will continue in earnest.
Grand Pier co-owner, Kerry Michael said: "We are grateful to the Leader of the Council who personally took control of the negotiations. We have worked through the issues to reach a solution which is acceptable to all. Once the key decision makers were all together, we very quickly reached agreement and after that it was just a matter of putting the relevant professionals together to formalise the agreement.
“All we want to do is to get on with the re-building of the Grand Pier, a project which we hope will be the catalyst for the continuing regeneration of the town."
Cllr Nigel Ashton, Leader of North Somerset Council, added: "Following the fire last year which destroyed the pavilion we have worked closely with the owners and will continue to offer our support to them in their efforts to re-build the attraction."
This means that work on the redevelopment of the Pier can progress as planned and on time in accordance with the original completion date of summer 2010.
North Somerset Council and the pier owners both remain fully committed to the redevelopment of this important landmark site.
