A community leisure centre in the heart of Radford could close by June.
Residents have said that shutting the John Carroll Leisure Centre will take away a popular community hub and will mean children and families will have nowhere to go.
Nottingham City Council has announced plans to make £15.6 million of new cuts, with around another £7.2 million in the pipeline.
The local authority has been faced with huge cost pressures from Covid-19, but also from anticipated losses of £38.2 million from the sale of failed Robin Hood Energy.
The council is looking at a number of measures to balance its books including reviewing the future of John Carroll Leisure Centre, which could involve the transfer or closure of the building.
Councillors have said that student housing is not on the agenda and there are hopes it could be taken over by a community organisation.
Residents in the area said it “the last thing we have in Radford” and “it has been part of the community” for decades.
Nottingham City Council has informed members in an email about the latest developments on the site.
It said: “We would like to inform you of the latest budget proposals concerning John Carroll Leisure Centre.
“The current proposal is to review the future of John Carroll Leisure Centre, including options which could include the transfer or closure of the building.
“The timeline for any lease or closure of the facility needs to be completed by the end of June.
“This year the council will be receiving £100million less in revenue support grant than we were given pre-austerity.
“We are not alone in this – cities like Nottingham are facing the same challenges across the country and in the last year we have also had to deal with the impact of Covid-19 which has left us with a further £27million in unreimbursed costs and lost income and we expect this to carry on for some time to come.
“It is in this context that we are having to make some very difficult decisions.
“We want to maintain modern, fit for purpose, well used and well-funded leisure centres.
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“However, John Carroll is the leisure centre that requires the highest subsidy, and has the lowest usage. Additionally, Djanogly Leisure centre is one mile away and provides an alternative facility for customers.
“If you are a Flexible Fitness customer our membership package allows you to access all of our leisure centres, pools and health suites. Therefore, you will be able to use your Flexible Fitness membership at any other of our leisure centres.
“If you are a Nottingham Swim School customer, we will be in touch to discuss the options available to you, including alternative provision at one of our other pools.”