Brigg Skate Park is financially secure and safe in the town.
It follows a long campaign by volunteers and local authorities to keep the park open.
Town mayor, Councillor Carl Sherwood, described the announcement as good news for young people in Brigg.
Two years ago, a lack of volunteers to run the park - and problems paying the annual insurance premium - meant closure was a real threat for what is a popular and well used facility in the grounds of Ancholme Leisure Centre.
Since then, a new committee - and positive backing by the Town and North Lincolnshire Councils - has led to a new lease of life .
Vvolunteers, along with park users, have been busy raising funds to help make the park sustainable.
Father and son combination David and Damien Spafford were among the volunteers who helped collect donations for park funds at the entrance to the town’s Tesco store.
David said: “We live near the skate park and Damien is always over there. It is really well used now.”
A delighted Damien added: “It keeps us off the streets and keeps us fit.
“I use it three or four times a week in summer.”
There is enough money to pay the annual insurance premium and provide funds for on-going maintenance and improvements .
New ramps were installed last August and have led to an improvement.
Coun Sherwood said: “There was a time when we were worried about closure of the park.
“The skate park has picked up really well.
“That is good news for young people in the town.”