Doncaster have reached an agreement with the town's council which will see the club take over the financial and managerial responsibility for running the Keepmoat Stadium.
The council's decision will see Rovers pay the council £100,000 per year and take over responsibility for the existing loss-making operation from the current-council owned Stadium Management Company.
The Rovers tenure over the stadium and their training ground at Cantley Park will be extended to 99 years and this will provide them with greater security.
"It is well known that the stadium is losing money and the cabinet's decision seeks to provide a long-term financial solution which will secure the futures of the town's key sports clubs at the Keepmoat," the Mayor of Doncaster said in an official statement.
"Doncaster Council should be concentrating on its core business and quite frankly running a stadium is not what the council should be doing or has the skills and expertise to do well.
"It is unfortunate that we need to pick up the pieces of poor decision making in the past, but we have to find an appropriate solution so we can move on."