The Midsummer Meadow car park will reopen on Saturday after it was handed back to the borough council by the University of Northampton.
There will be a total of 175 spaces at the car park, which is 51 spaces fewer than when it closed, due to road configuration changes.
The car park closed in July 2015 in order to revise the layout as part of the Bedford Road widening and for use as a site compound for the road works and new road bridge construction for the University’s new Waterside Campus development.
Following completion of the road bridge and highways work in the area, the car park will reopen on Saturday, April 1 after being reinstated and handed back to the council.
The car park has been completely rebuilt, with new space marking and new energy-efficient LED lighting installed. Access will be found at the same spot as before.
New pay machines will take credit cards and are also set up to take the new £1 coin which has just been put into circulation.
Councillor Tim Hadland, cabinet member for regeneration said: “The campus development is making excellent progress and it’s fantastic to see it reach this latest milestone.
“I’m sure the return of the car park in this part of town will be well received and we’d like to thank everyone at the University for their hard work on this.
“The Waterside Campus development is key for both the University’s future and the vitality of our town centre, and is a fantastic addition to our Enterprise Zone’s offer.”