The council had been considering four locations - Cranbrook, Honiton, Winslade Park and the Exeter Skypark.
A committee of councillors has now decided that Skypark is the best option and will put it forward to the full council for discussion later this month.
If they vote in favour, there'll be further research into the move before a final decision's made in the summer.
How Torbay Hospital bosses are tackling 'risks'
Poor state of buildings impacting staff and patients
RD&E and North Devon hospital waiting times slashed
It's still one of lengthiest in the country
Bus service changes leave villagers in North Devon stranded
Petition started to reinstate former direct route from Barnstaple to Exeter
Demand for action over Teign sewage spills
'This represents a risk to health for residents and visitors'
Cyclist critically injured in Sidmouth
Man, 20s, airlifted to hospital
Council owed £4 million by its own housing company
But it won't sell Mary Archers for student flats
