Market traders may refuse to move out

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MARKET traders have warned town hall chiefs they are prepared to fight to stay in Lancaster’s Indoor Market Hall if they are not offered significant compensation.

Lancaster City Council voted last month to close the market by the end of 2012, as the rent it receives from stallholders does not come close to covering the costs of its lease with Allied (Lancaster) Ltd.

Last year the council faced a £567,000 deficit on the deal, but the cost of surrending the lease and agreeing compensation with traders has been estimated at as much as £20m.

Full story in the Guardian, December 8.