More detailed designs are to be drawn up and put up for public display
The winning plans to re-design an "historic and iconic" area of Preston and its surrounding streets have been announced.
Landscape Projects of Manchester were chosen from six other entrants to redevelop Preston's Flag Market following public consultation in 2008.
A council spokesman described the area as the "jewel in Preston's crown".
It is proposed that the scheme will be completed in advance of the Guild Year in 2012.
Councillor Anthony Gornall said: "The Flag market is historic, iconic and the jewel in Preston's crown and so it is vital that any future re-development is done properly.
"After very careful consideration and public consultation we have chosen a design which will compliment the historic nature of the Flag market but will also improve the area as a whole."
The Flag Market is overlooked over by some of the city's historic buildings including the Harris Museum, war memorial, obelisk, law courts, former post office and town hall.
The area also plays host to a number of events throughout the year, including the annual pot fair.
Residents can find out more about the redesign at the town hall on 29 January at 1900 GMT.
People will be able to view 3D models of the competition submissions, including the winning proposal, and have their say about the designs.