TAMPA, Fla. (970 WFLA)A bankruptcy judge in Delaware has approved a settlement that allows Tampa Bay Lightning Owner Jeff Vinik to purchase Channelside. 

Hillsborough County Commissioner Sandra Murman, who also sits on the Port Tampa Bay Governing Board, is relieved. She's looking forward to Vinik's proposed "Channelside live" project.

Vinik can buy the foreclosed property for $7.1 million dollars. 

His bid, which won at a federal bankruptcy auction a few weeks ago, was challenged by rival bidder, but both sides reached a settlement over the weekend.

Photo Credit 970 WFLA/S. Parker