LANCASTER Market traders are expected to reach a compensation deal with the city council which would see them vacating the building by September 14.
After more than two years of uncertainty, traders expect that city councillors will agree a deal with them at a full council meeting tomorrow, Thursday May 25, at Morecambe Town Hall.
Peter Corke, chair of the Lancaster Market Trader’s Association, said: “We have a full agreement with the city council to accept a compensation package and vacate the market. That should be rubber stamped tomorrow.”
Mr Corke said that help with relocation to new premises would be part of the deal.
He added: “I’m happy that an agreement has been reached, and I’m happy with what the traders will receive.
“We still feel we have been treated badly over the past few years, but there’s a lot of relief for traders that they can now start to move on and continue with their careers as shopkeepers.”
A progress report attached to the meeting’s agenda reccommends that the council agrees to compensate traders, as an initial step in resolving the market building’s future.
It also reccommends that officers be authorised to work with Lambert Smith Hampton to continue negotiations with the building’s owners Allied to achieve the best possible terms for the council in respect of the market building, and that details are referred back to the council for consideration in due course, together with proposed financing arrangements.