Brisbane's Brunswick Street Mall could be re-opened to day traffic by June, according to Fortitude Valley's main business group.
Brisbane City Council has been considering changes to the Valley since May last year.
Fortitude Valley Chamber of Commerce president Robin Maini said traffic engineers' reports examining the implications of opening the mall to one-way or to two-way traffic had been prepared.
That advice, plus the impact of new fines for businesses previously reluctant to repair their properties and new $10,000 "dollar for dollar" safety incentives for businesses, will go to the Valley Malls Advisory Committee in "six to eight" weeks.
The committee will then recommend changes to Brisbane City Council and work must start by June, Mr Maini said.
"So there are a number of reasons why you can very confidently say that a number of positive changes about the mall are about to happen," Mr Maini said.
He said the changes were about more than just "fixing cobblestones" and "fixing lights".
"This is about making it an attractive, appealing place that people want to come to, and enforcing laws and grants to fix it up," he said.
Mr Maini said while Fortitude Valley's "night-time economy" was working well, its daytime economy was stalling.
"The idea is to stimulate the daytime economy in the whole Valley precinct - the retail stores on Ann Street and Wickham Street, and obviously the food and other outlets as well.
"And to do that, you have to do a few different things. It is not just putting a laneway down the centre."
The recommendations are likely to include a change to the length of tenancy agreements.
There are many "month on month" tenancies in Fortitude Valley.
Fairfax Media has been told planners might offer longer tenancies, similar to three-year and five-year lease agreements offered in similar areas, with New Farm's James Street as a model.
Lord Mayor Graham Quirk said changes had to be made to the Brunswick Street Mall because people were not using it.
"I have said all along that we need a new vision for the Valley, for the Brunswick Street Mall to get people back to get that daytime economy moving," he said.
Cr Quirk said businessman John Cotter had been appointed chairman of the Valley Malls Advisory Board.
"And he is meeting with business people in the Valley and the broader community to examine the whole issue," he said.
Earlier this week, the Lord Mayor announced an upgrade to public toilets and that a final recommendation on the future of the Brunswick Street Mall would be made mid-year.