About to leave proceeds in place (5)

I believe the answer is:

venue

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'place' is the definition.
(I've seen this in another clue)

I can't explain the remainder of the clue.

(Other definitions for venue that I've seen before include "Event's location" , "Site for event" , "The place where something happens" , "Event location" , "Location of meeting" .)

I've seen this clue in The Times and The Sun.

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