The Friarsgate development will move a step closer when councillors discuss proposals to formally transfer land for the project.
The city centre scheme will see the creation of a cinema, retail space, accomodation and a new bus station.
Part of the land being used for the project is currently owned by Lichfield District Council, but the Cabinet will discuss the formal appropriation of these areas at a meeting next month.
A report by Cllr Ian Pritchard, deputy leader of the local authority said: “The area to be appropriated is approximately 18,605sqm in area and comprises a multi-storey car park, car showroom, garage, a pair of semi-detached houses, retail kiosks, bus station and car park and part of the council car park, all of which are held freehold by the council.
“The land is no longer required in its current use and will form part of the Friarsgate development scheme.
“It is established that the proposed development represents the best planning use for the site.”
Developers hope to start work on the project in early 2017.