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.
Leisure company gets £975,000 loan from council
It's yet to pay back £1.6 million
Massive Exeter student flats block gets the go-ahead
'It's a gateway site, so it needs a gateway building'
Giant solar plan on hold
It would cover 2,700 acres near Holsworthy
Rare King Colobus monkey born at Paignton Zoo
Second endagered monkey born in Devon
Torquay man jailed for cannabis smuggling plot
5 years for Leon Day
20-year healthcare partnership in Torbay under threat
Calls for Trust to think again
