Pendle Rise Shopping Centre could be demolished and replaced with a more modern facility, according to plans put forward by a new joint venture.
Penbrook, a collaboration between Pendle Borough Council and development partner Brookhouse, hopes to replace the "dated" 1960s site with retail units, a varied food offering and landscaping.
The project will be a key element of the Revitalised Nelson project, which has already secured £9m funding.
Phillip Spurr, Pendle Borough Council’s director of place, said: "The vision to re-develop Pendle Rise Shopping Centre site stems from extensive public consultation carried out as part of the Nelson Masterplan.
“Most people who gave their views wanted to see Pendle Rise tackled as a priority. That’s why it’s central to Revitalised Nelson which is one of seven projects led by the Nelson Town Deal funded by £25m GovernmentTown Deal investment."
Residents and businesses now have until May 26 to have their say on the plans, which can be viewed online as well as at Number One Market Street, Nelson.
Stephen Barnes, chair of the Nelson Town Deal Board, said: "The plans are designed to radically improve the town, with high quality architecture and landscape design to help us create a brighter future for Nelson.
"Along with a much stronger retail offer for Pendle people, there will be food and drink options and a pleasant area to eat outside, providing a great place for our community to meet.
"If the planning application goes ahead, there will be job opportunities for local people both during construction and once the project is complete."
Enjoyed this? Read more from Tim Aldred