Lancaster market traders get compensation from council

Lancaster market Traders are relieved the council agreed to pay compensation

Related Stories

Lancaster market traders are to receive compensation from Lancaster City Council for closing the indoor market.

The council voted to close the market in November as part of efforts to reduce annual losses on the lease.

Peter Corke, from the Lancaster Market Traders' Association, said traders were "very relieved" at the news.

The councillor in charge of markets, Jon Barry, said the compensation deal was "incredibly important for traders after years of uncertainty".

Mr Corke said stall-holders had threatened to take legal action against the authority if they refused to compensate them.

He said: "Traders are very relieved it is finally over and the council has seen sense.

"It has been going on for years so they are glad it is no longer hanging over them."

Under the agreement, traders will leave the market by 14 September.

Mr Barry, cabinet member for markets, said "negotiations continue" between with Allied Lancaster Ltd, who own the market premises on Common Garden Street, regarding the lease agreement.

It is £650,000 a year and still has over 80 years still left to run.

More on This Story

Related Stories

The BBC is not responsible for the content of external Internet sites

BBC Lancashire

Weather

Preston

Min. Night 9 °C

Features

BBC © 2014 The BBC is not responsible for the content of external sites. Read more.

This page is best viewed in an up-to-date web browser with style sheets (CSS) enabled. While you will be able to view the content of this page in your current browser, you will not be able to get the full visual experience. Please consider upgrading your browser software or enabling style sheets (CSS) if you are able to do so.