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.
Tens of millions to be invested in Devon's buses
Local leaders will decided how money is spent
Fawlty Towers: The Play - REVIEW
Chaotic tribute act to renowned series
Lib Dems hold Exmouth seat in by-election
Fran McElhone wins the Halsdon seat
Paignton YMCA moves into former Mormon chapel
Our new home is absolutely ideal'
Homes to be built on former Exeter driving range
More than 50 houses planned
Extra staff to improve adult response times
Two-day target only hit in one in every 10
