The Preston Tithebarn redevelopment project was a £700 million city centre regeneration initiative, which was intended to be developed by Preston Tithebarn Partnership, a 50/50 joint venture between Grosvenor and Lend Lease Corporation in partnership with Preston City Council. In October 2005, Preston City Council and Grosvenor Ltd. signed an agreement to go ahead with the Tithebarn regeneration project as part of Council's broader plans for Preston city. Tithebarn was objected to by neighbouring councils
In November 2011 the scheme was abandoned after John Lewis pulled out.
In 2000, opposition to the demolition of the existing Preston bus station led to an application to English Heritage for listed building status (as an example of 1960s brutalist architecture). Preston Borough Council among others opposed the application which ultimately was unsuccessful. Putting forward the case for a smaller terminus, a report, commissioned by the council and Grosvenor, stated that "buses arriving and leaving the bus station have very low bus occupancy rates indicating that passengers alight and board elsewhere in the city centre. The bus station car park similarly suffers from the poor pedestrian linkages."
The Preston Tithebarn project was to cover an area of approximately 32 acres (13 ha) in Preston city centre and include a John Lewis department store, a new Marks and Spencer department store, revitalised markets, restaurants, cafes, new cinemas, around 100 new shops, offices, homes, refurbished Guild Hall, a new bus station and extensive new public spaces and pedestrianised streets.
In January 2007, John Lewis confirmed it would anchor the development with a 230,000 sq ft (21,000 m2) department store. In 2008 they released designs for the flagship store on their website.
Pre-planning public consultation for the Preston Tithebarn project was conducted by Preston Tithebarn Partnership between May 2008 and June 2008, and thereafter by appointment. The Preston Tithebarn Information Centre at 50-52 Lancaster Road, Preston (next to the Guild Hall) was created for the public consultation where visitors were able to view plans, information and a 3D model.