Morecambe’s eyesore Frontierland site is set to be turned into a £17m retail and leisure park.
Developers Opus North want to build a complex of fashion shops, a hotel, restaurants, a family pub and 376 parking spaces on the former fairground.
If their plans get the thumbs-up, the new retail park could create 500 jobs and fill the remainder of the 10-acre site.
Opus North is also in talks to bring big name fashion stores to Morecambe.
It also wants to pull down the Polo Tower and replace it with another attraction.
Two public exhibitions of the plans will be held at Morecambe Superbowl so residents can have their say.
The developers intend to put in a planning application to the council afterwards.
Opus North is a leading property company based in Ilkley, West Yorkshire, specialising in office, industrial and retail developments.
Frontierland, part of the Blackpool Pleasure Beach empire, closed in 2000.
The public exhibitions run from 2pm to 7pm on Friday, November 29, and from 11am to 3pm on Saturday, November 30. Opus North representatives will be there to answer questions.