A new cricket field is likely to be built on the old RSPCA site at Fairfield with the rest of the state government land to be sold to developers.
The State Government and Brisbane City Council have been negotiating on part of the land since the RSPCA moved to Wacol almost two years ago.
Brisbane City Council expressed an interest on one portion of the site but ultimately decided the $400,000 remediation bill was too much to ask ratepayers to bear.
The old RSPCA animal protection centre was built on an old dump meaning parts of the site require remediation.
Remediation is not required if the field is being used for sports activities, unless any construction requires earthworks.
Lord Mayor Graham Quirk wrote to Yeronga and Fairfield residents last month to explain why Brisbane City Council would not accept the site.
"The State Government signalled in March (2013) that they would be moving to sell the site, while offering a small, flood-prone portion to Council for sport and recreation purposes," Cr Quirk wrote.
"Council previously expressed initial interest in the site. At no stage was Council offered the whole of the land for free."
Cr Quirk said he believed $400,000 was too expensive for ratepayers.
"While no threat is posed to the public from the site in its current form, substantial remediation work would be required to enable it to be used for sport and recreation purposes," he said.
"My view is that ratepayers should not be subject to these costs and Council has since decided that it will not be be taking the portion of the overall site which was offered."
Southern Districts Cricket Club are understood to have been offered the site at a "peppercorn rent" and are now in discussions with the state government.
The majority of the the prime residential land, on the corner of Fairfield and Venner roads, will be sold to developers, most likely after Christmas.
A spokesman for Housing and Public Works minister Tim Mander said talks between departmental officer and South Cricket Club were positive.
“Our desire has always been to see this land made available to the public and that's what I'm hoping this deal will achieve,” he said.
The rest of the site will be put up for sale. Expressions of interest are about to go to the market.
Southern Districts Cricket Club, which has its headquarters at adjacent Fehlberg Park, was contacted by email, but no comment could be obtained by Monday night.