South Park creators Matt Stone and Trey Parker are buying the real life Casa Bonita restaurant that has featured in the cartoon.
The restaurant and entertainment centre in Lakewood, Colorado, was forced to close its doors in March last year following a tough period of financial hardship.
An online 'Save Casa Bonita' campaign was launched when it was announced that its owners had filed for bankruptcy.
However, now the cartoon makers have stepped in to buy the restaurant and plan to 'make it the place we all want to make it'.
Speaking to Colorado Governor Jared Polis, Parker said: "We know that there have been a lot of people in Colorado that love Casa Bonita and have been working on this and we're excited to work with everybody and make it the place we all want to make it."
Polis added: "The one area that we would all love to see an upgrade - and I think I speak on behalf of everybody who patronises Casa Bonita - is the food could be a little better."
To which Parker replied: "I think it could be a little more than a little better."
Casa Bonita had been a childhood favourite for Parker and Stone.
They even featured it in a 2003 episode of their hit show.
Speaking to The Hollywood Reporter last month, Parker said: "We want to buy Casa Bonita and treat it right. I feel like it was neglected even before the pandemic.
"We are going to do everything we can. We want to make it right and make it amazing."
Parker has not revealed how much they paid for the restaurant, with the final sale set to take 'several months' and pending court approval.
However, Parker did say he would 'have people in there right now working on it' if it were possible.
Lakewood Mayor Adam Paul told The Hollywood Reporter: "This is a really exciting announcement not only for the community but for our entire state.
"There has been a lot of behind-the-scenes movement and certainly these deals can be challenging.
"Not only will this help save an iconic landmark in Lakewood, but it will also provide catalytic change for an emerging arts district.
"I want to thank Trey and Matt for their commitment to the community!"