The developer, Hanson Capital Management, has been working on new plans for the old eyesore shopping site, following the Tory council's eventual decision last year not to lease space there for the Aquarena replacement swimming pool.
There was a fundamental split between the council's Tory administration and the Lib Dem opposition over the Conservatives' proposals to provide a pool at Teville Gate.
But with the new pool now to be built on the seafront, a serious bone of contention between the two parties has been removed.
James Appleton, the council's executive head of planning, regeneration and well-being, told the Herald this week: "The developers are keen to keep the essential elements of the previous proposal and retain a mixed-use development including leisure, retail and residential uses."
The council have already approved plans for the multi-million pound scheme, incorporating two residential towers of 18 and 11 storeys to provide 250 homes; leisure activities including a multi-plex cinema, a bowling centre and restaurant facilities.
Council leader Paul Yallop told the full council meeting that Hanson had briefed a cross-party group of senior councillors on its latest plans.
Mr Yallop told the Herald: "We were very impressed with what Hanson had to say at the briefing.
"We have had a lot of false dawns, and now we can go forward to develop that site in unison for the people of Worthing."
Bob Smytherman, for the Lib Dems, said the new plans looked like a "good deal", and very exciting.
"We must work now with the developers and the present administration to provide something suitable for the long-term," he added.
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