Following several periods of consultation, the council has released its final version of the City Centre Plan.
When adopted next year, it will aim to promote economic growth and support shops, leisure and culture.
Coun John Swindells, cabinet member for planning and regulation, said the markets quarter was the preferred option for a new cinema, with a re-sited new market.
He said the council wanted to see housing in the Stoneygate area, links to the university in the Corporation Street area, and a reduction of houses in multiple occupation in Winckley Square, with a focus on office spaces and eateries there.
The Horrocks Quarter, around Queen Street, is hoped to be used for a mix of retail and housing. Coun Swindells said: “This is our vision of what we would like to see, and it gives us some protection and control of what’s going on in the city centre. We can’t build anything with it, but it would set out a structure of what we would like to see, and developers who come would have to fit in with that structure.”
The plan will need to be approved by a planning inspector before it can be adopted. It has three themes - “securing economic vitality”, “creating a sense of place”, and “enhancing movement and accessibility”. Coun Swindells added: “Now the Preston and Lancashire City Deal is in place and work is underway, the City Centre Plan is the next step for creating growth in the area and bringing new investment to the region.