An offer from a local businessman to buy Preston Bus Station and redevelop it is set to be declined by councillors.
Simon Rigby submitted a written proposal to the Preston City Council to try and buy Preston Bus Station for £1 and invest millions into redeveloping it.
The council said the Cabinet will be recommended to decline the offer from Simon Rigby at a meeting on March 21st and negotiate with Lancashire County Council to build a new bus station at the site.
In December 2012, Preston Council decided “in principle” to demolish the station.
It costs the city council around £300,000 a year to keep it running, which it says it can no longer afford.
An initial report by Lancashire County Council found refurbishing it would cost between £17m and £23m.
The bus station opened in 1969 and is one of the country's finest examples of brutalist architecture.
But critics say it is no longer fit for purpose.