The council finalised the purchase of the old George Town RSL Club site on Anzac Drive site and announced initial details of its plan on Wednesday.

It will be a multipurpose mountain bike hub providing riders a place to go for trail information, shuttles, a bike wash and shower facilities.

It will also be act as a social enterprise hospitality undertaking by the council and Port Dalrymple School to train hospitality students in a restaurant setting.

Mayor Greg Kieser said the hub would be opened with the trails, which were planned for completion at the end of 2021.

He could not confirm the costings of the purchase but said information regarding the project's cost, concept plans and more details would be released in coming months.

However the council's 2020/21 capital works program in June listed a strategic asset acquisition, with no further details, for $1 million, with $670,000 from council and $330,000 from external funding.

"It's super exciting," Cr Kieser said.

"It's a very much a loved venue that many George Tonians have grown up with and know very well and we're just so delighted to be able to return it back to the community.

"There will be a logical place for [riders] to head to with parking and all the facilities and services they need in one place, which is right on the main street, which means then that they can branch off and .... we'll use it as a place to showcase what else is on offer.

"It's important that people understand that this is not a commercial operation. It's not about competing with local providers, it's about creating a pathway for them."

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