Hundreds of locals, including a vicar, are to co-own their own pub in the latest example of a community-owned enterprise saving a facility threatened with closure.
A community share issue has been launched in Brighton to help re-open the Bevendean, with the support of The Co-operative Group.
Locals are aiming to raise the £200,000 needed to re-open the pub, which closed in 2010.
Father John Wall, whose church is situated close to the pub, said he was looking forward to becoming a regular.
Michael Fairclough, the Co-operative's head of community and co-operative investment, said: "We are witnessing communities across the country, driven by needs other than to maximise profit, turning to co-operatively-owned solutions for the running of businesses and services.
"A well-run pub is an important part of the social fabric of a community and, enterprises such as this, operated by a general public increasingly concerned for accountability, transparency, and sustainability, are showing how by working together, communities can tackle some of the unprecedented challenges currently facing our society, environment and economy."