April 5, 2012 Virtual Lancaster *UPDATED*
Lancaster City Council will consider a progress report on Lancaster Indoor Market at next week’s full Council meeting and consider options available on its future – which now might not see it close after all.
The possibility that the Market now might not close is however, not going down well with some traders still in the building, who had begun to make plans to move out, pending resolution of compensation negotiations for the loss of their leases.
This latest Council debate follows a resolution by Council last November that negotiations should take place with the owner of the building, Allied, to negotiate a surrender of the lease the council holds on the building – effectively meaning the Market would close.
In response, Allied outlined a number of options, which the Council summarizes as follows:
Proposal A: A joint redevelopment of the market building, with the council to bear the costs of the scheme, retain its lease but sublet to a single retailer.
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Trader fury as council stalls on market
From Lancaster Guardian
MARKET traders have accused the city council of “stabbing them in the back” over new proposals which could see the authority pay for redevelopment of the building.
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