The club, which has a 20-year history in the Wakatipu, had until last Sunday to find a new site or close its doors after it was forced from its home of 10 years at the old Wakatipu High School.
The school is being demolished to make way for a massive new housing development, spearheaded by Ngai Tahu Property.
Club president Lee Hazlett said the club had found a temporary home in Remarkables Park, where it could remain for the next term, but until recently its long-term future was still in doubt.
That is until the club was offered a three-month contract at a temporary site at the recreational hub in Red Oaks Dr, in Remarkables Park.
Ms Hazlett was not able to give further details but said it was a ''really positive agreement''.
However, the not-for-profit group, largely run by volunteers, still needed community funding to cover its $60,000 annual leasing fees, Ms Hazlett said.
A fundraiser is being held at the Queenstown Memorial Centre on Saturday and Sunday nights with comedy hypnotist Dave Upfold, and will also includes an auction and raffle prizes, through which the club hopes to raise $20,000.
