The 30-acre site in Ballybeg would include activities such as zip-lines, archery and a firing range.
Waterford Council’s CEO Michael Walsh says the developer is intent on making an application in the next two months.
The company behind it all is Jump Lanes, and it has similar adventure centres in Galway and Limerick.
However Fine Gael councillor John Cummins says neighbouring residents are worried about parts of the proposal. He says it’s great to have development on that land but there is talk of a drifting car set up and he has had a number of reservations expressed to him by residents in relation to possible noise levels.
Director of Planning Michael Quinn says the layout of the site should prevent the noise levels getting out of hand. He says at this particular point, it is probably premature to get into the detail of it.