Draft proposals, developed over the past year, have identified development opportunities for a number of key sites across the town centre.
Included in the plans are several new waterfront developments on the edge of Larne Lough.
Provisions have been made for new retail space and leisure uses by redeveloping derelict and rundown areas.
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The Department for Social Development has also suggested improving public spaces and linkages within the town centre.
Social Development Minister Margaret Ritchie said she hopes the ideas put forward in the proposals will "energise" local traders and potential investors.
"Larne has so much to offer and it is vital that we get as many opinions and thoughts on these proposals, so we all take the right steps forward together in a shared future for the better," she said.
Mayor of Larne, Bobby McKee said the council had worked closely with DSD and their consultants over the past few months.
"I would encourage all local residents and businesses to view the proposals," he said.
"I hope that everyone will submit their views and comments on the proposals so that the Masterplan takes account of a wide range of opinion."
(PR/BMcC)
