A festival to recapture the spirit of Preston Guild could be held every two years, as major plans have been announced.
The council has unveiled its vision of a biennial celebration in the city, with the first hoped to take place next year.
The event is billed to “bridge the once every 20 year Guild gap”, with about £100,000 thought to be available from Arts Council England for the festival.
The council is expected to contribute £30,000 towards the funding, with the Business Improvement District (BID) and the University of Central Lancashire (UCLan) expected to add £20,000 to £30,000 each.
Coun Veronica Afrin, Preston Council’s cabinet member for culture and leisure, said the event was currently an “idea”, but said it was hoped the first would take place in Freshers’ Week next year.
She said: “We are hoping to do something every second year to keep not just the spirit of the Guild, but bring people of Preston together.
“What we absolutely need it to be is something the community will want to be part of. It could be anything, we really don’t know.
“We are expecting people to come forward with ideas that will be assessed and put together.”
The council is also planning to spend £38,000 on funding towards a new head of service role, for the shared management of the Harris Museum, art gallery and library.
A further £30,000 a year is to be spent by the council to fund more events on the Flag Market.