February 11, 2012 The Sentinel
A COUNCIL has made an offer for a loss-making rundown market.
Staffordshire Moorlands District Council has tabled a bid for Cheadle’s indoor and outdoor markets, which are privately owned by Northern Markets.
The authority has leased the market for the last six years but that deal ends on Wednesday, February 29.
The market has run at a significant loss since the council took on its management in 2006/07, and the council’s average revenue costs over the last four years have been £43,407.
Councillor Andrew Hart, portfolio holder for regeneration, said: “We have made a realistic offer which represents good value for the taxpayer and gives Northern Markets a fair price while enabling us to invest in the market.
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