RHYL Sun Centre will not re-open after Denbighshire Council regained control of the facility.
The Prestatyn Nova will remain closed until a refurbishment is completed in 2015, while the North Wales Bowls Centre could reopen within a matter of weeks.
However, the Sun Centre could be turned into a dry leisure facility.
These are recommendations set to be approved on March 25 by Denbighshire’s Cabinet.
Clwyd Leisure, the non-for-profit company which ran the three attractions cased trading earlier this year.
Rebecca Maxwell, the council’s corporate director for economic and community ambition, said: “We have given serious consideration to all the options available to us before making the recommendations.
“The cost and risk of operating the facilities at the Sun Centre have been deciding factors in the recommendation not to re-open the attraction.
“We suspected the building and equipment would be in a poor condition and this has been confirmed during our visits to the facilities and condition surveys carried out since the facilities were handed back to us.
“We believe the financial risks associated with re-opening the Sun Centre are too great, as a lot of investment would be needed for urgent or imminent works. The kind of investment in question would be beyond the council’s means.
“It would not provide value for money and the Sun Centre is a building with a short lifespan.
“We also feel it would not make economic sense to re-open the Nova in terms of running the facility in the short term when there are plans for complete refurbishment woks in the longer term.”
Work on the refurbishment of the Nova could start in the autumn and it could reopen in the second half of 2015.
The council has already said it is committed to replace the Sun Centre with a new aquatic centre and has already started the process of seeking expressions of interest from the private sector for a joint venture.