Longford Co Council has given the planning permission a green light for the new €233m holiday village Center Parcs development.
The project, which will create 750 jobs during the construction stage and 1000 jobs on a permanent basis when up and running, has been approved subject to certain conditions.
Members of the public now have four weeks to appeal the decision to An Bord Pleanála.
Center Parcs submitted its planning application last autumn to develop the holiday village on a 395-acre site at Newcastle Wood, 5km outside Ballymahon.
The new centre would bring 250,000 visitors to Longford each year, according to the company.
The proposed holiday village would comprise 470 Lodges and 30 apartments, as well as over 100 indoor and outdoor activities.
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