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The Preston Tithebarn redevelopment project is a £700 million city centre regeneration initiative, to be developed by Preston Tithebarn Partnership, a 50/50 joint venture between Grosvenor and Lend Lease Corporation in partnership with Prestonmarker City Council. In October 2005, Preston City Council and Preston Tithebarn Partnership signed an agreement to go ahead with the Tithebarn regeneration project as part of Council's broader plans for Preston city.

The Preston Tithebarn project covers an area of approximately in Preston city centre and includes a John Lewis department store, a new Marks and Spencer department store, revitalised markets, restaurants, cafes, new cinemas, around 100 new shops, offices, homes, refurbished Guild Hall, a new bus station and extensive new public spaces and pedestrianised streets.

Pre-planning public consultation for the Preston Tithebarn project was conducted by Preston Titherbarn Partnership between May 2008 and June 2008, and thereafter by appointment. The Preston Tithebarn Information Centre at 50-52 Lancaster Road, Preston (next to the Guild Hall) was created for the public consultation where visitors can view plans, information and a 3D model. .

Preston Tithebarn Partnership submitted a hybrid planning application to Preston City Council in September 2008. All development within the application boundary was submitted with some matters reserved, except for the 1875 Covered Market and Fish Market for which full details were submitted. Determination of the planning application is likely to be around Spring 2009.

In January 2007, John Lewis confirmed it will anchor the development with a department store. In 2008 they released designs for the flagship store on their website.

In October 2008, Marks and Spencer confirmed it will join Preston Tithebarn as the second anchor, with plans to build a new store adjacent to the proposed new bus station on Church Street.

In December 2008, Cineworld Cinemas also confirmed it will join Preston Tithebarn, with plans to build a new multi-screen cinema opposite the historic market building on Liverpool Street.

On the 14th July 2009, following 2 days of presentations, questioning and debate, Preston City Council Planning Committee unanimously approved the application. The matter now proceeds to Government Office North West and, probably, to the Secretary of State for a final decision.

In 2000, opposition to the demolition of the exisitng Preston bus station led to an application to English Heritage for listed building status (as an example of 1960s brutalist architecture). Preston Borough Council (as it then was) among others opposed the application which ultimately was unsuccessful. Putting forward the case for a smaller terminus, a report, commissioned by the council and Grosvenor, stated that "buses arriving and leaving the bus station have very low bus occupancy rates indicating that passengers alight and board elsewhere in the town centre. The bus station car park similarly suffers from the poor pedestrian linkages." Listing was subsequently rejected.


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