LANCASTER market traders are still “stuck waiting” after councillors again failed to make a decision on the future of the building.
At a full council meeting on Wednesday at Morecambe Town Hall, councillors were presented with a number of options for the market’s future, but decided to defer a decision “pending further information”.
In November, councillors resolved to surrender the lease of the building to landlord Allied (Lancaster) Ltd at a cost of up to £20m, and compensate traders.
But a new report put forward new options, including a joint redevelopment of the building between the council and Allied, with the council retaining the lease, a joint redevelopment paid for by the council which would then surrender its lease, the city council purchasing the freehold of the property or the city council surrendering its lease.
See the Lancaster Guardian (12-04-12) for full story.