March 21, 2012 The Sentinel
A COUNCIL is poised to take over a run-down market after a deal was struck with the private owner just hours before the deadline.
Staffordshire Moorlands District Council yesterday reached a verbal agreement to buy the struggling indoor and outdoor market in Cheadle from Northern Markets.
The authority is staying tightlipped over the price, but says the offer was based on an independent valuation.
Traders and community leaders have welcomed the move as business at the markets has slumped to an all-time low because of uncertainty over their future.
They are calling for major investment to cash in on the influx of visitors for celebrations to mark the 200th anniversary of the birth of renowned architect Augustus Pugin.
Pub giant Wetherspoons’ restoration of the Wheatsheaf Hotel, due to be completed in the summer, is also expected to boost footfall.
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