Market traders have today launched plans to convert a large covered market into a purpose-built facility which would secure their future in Preston.
Beleaguered traders at Preston’s Indoor Market have been battling Preston Council’s plans to bulldoze the market and move their stalls outside to make way for a cinema complex.
But today, traders have launched a plan to form a cooperative with the council to convert the large outdoor covered market into an indoor facility, similar to the Tithebarn proposals.
The plan would see each trader paying thousands of pounds for a stake in the cooperative, while Preston Council would use the £2.5m it has already pledged, along with cash generated from the sale of the current site.
Ellen Young, who runs the Matthew Wade Banana King stall, said: “We are trying to put something together ourselves, we are trying to do up the big market outside and enclose it, which would be big enough to fit everybody in.
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Category: Market News