A primary school could be moved to new buildings as part of a plan to develop the centre of Selby.
There are 22 retailers in the Market Cross Centre
Barnsley-based Dransfield Properties Ltd wants to create more retail space around the Market Cross Shopping Centre which it bought for £7m in January.
Part of its plan involves paying to move Selby Abbey school to a new site in Portholme Road.
It also wants to see the Morrisons supermarket expanded and more town centre parking places created.
Last year, Dransfield Properties opened the first phase of the Three Lakes Retail Park on Bawtry Road in Selby.
Work is due to start on the second phase later this year.
Mark Dransfield from the property company said: "We have been working on this development now for several months and we are confident that we have a scheme which will answer the need for a larger, more accessible supermarket in the town centre as well as delivering new non food retail space and bringing improvements to the existing Market Cross Centre.
"We know from our work at the Three Lakes Retail Park that there are a number of major national retailers keen to trade in Selby."
An exhibition explaining the plans is on display on Wednesday and Thursday at the Market Cross Shopping Centre.