A new plan to reinvigorate Blackpool, drawn-up in the wake of the failed bid to build a new super casino, is being sent to the Government.
The idea is to attract two billion pounds of private investment over the next 10 years, creating some 11,000 jobs and 2000 new homes in the resort.
After casino plans were rejected, a special task force was formed to look at other ways of regenerating the town.
The council leader said he believed the plan would make a "real difference".
The leader of the council, Peter Callow, said: "This wide ranging action plan outlines how we can make a real difference to the lives of all local residents in the next decade.
"Our disappointment in the casino decision has been translated into a very positive plan which would substantially add to the regeneration already taking place in Blackpool.
"I am genuinely very excited about the future and our ambition to create a world class resort."
Improved shopping
The task force is made up of members of the council, the North West Development Agency, the urban regeneration company ReBlackpool and other agencies.
The Government has promised to help Blackpool and it is hoped that these ideas will help transform the resort.
It includes a plan to make Blackpool a world heritage site and the setting up of a Conference and Leisure Quarter in the town.
There is also a proposal to improve shopping facilities along with better education and housing provision.
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