POP guru Pete Waterman and chart-toppers Dario G have been offered the chance to create a music academy and studio in Crewe.
The English Touring Theatre pulled up sticks earlier this year, leaving vacant premises next to the Lyceum Theatre in Hill Street.
The borough council held meetings with music impresario Mr Waterman who was interested in developing the space for a music masterclass scheme for young people.
The aim was to give youngsters the chance to become qualified in music production with a view to gaining employment in the music industry.
They also approached Crewe dance band Dario G with the aim of developing the premises into a music and recording studio.
Dario G first stormed into the charts four years ago with the number two hit single Sunchyme.
The council has yet to receive any firm commitment from the pop band or from Mr Waterman.
The council's corporate services committee agreed in March that the space would be rent-free if the emphasis was on young people.
But at a meeting on Thursday the council agreed to look at commercial options, having failed to receive a response to their offer from Mr Waterman.
Cheshire Dance is currently holding youth workshops in the building in an effort to carry on the work of the English Touring Theatre's outreach programmes.
The theatre company gave up its Hill Street base when an opportunity to move to London in the summer became too good to miss.
Dario G's manager John Barlow said: 'The band are extremely pleased to have been approached by the council.
'Unfortunately, because of holidays and recording commitments they have not been able, as yet, to make a decision.'