Tyne & Wear

Newcastle market preparing to close doors

The doors of a long-running Newcastle city centre market are to be closed for the last time.

The Greenmarket started out as a street market and then opened as part of Eldon Square Shopping Centre in 1976.

It was demolished to make way for a major redevelopment of the shopping centre and a new £1m market was opened in High Friars in April 2007.

But now the council have said it is no longer viable and is giving up the lease early to save money.

'Savings claim'

Newcastle City Council said take-up was low following the move to the new site and only five of the 16 sites were now occupied.

At the time of the relocation, there were plans for a market to return to Eldon Square after its refurbishment. But the decision was made that it would not be economically viable.

Traders will be offered alternative sites in the Grainger Market, which is near by.

The council's lease was due to run until 2016 and it claims the early surrender of it will save £220,000 and potentially a further £150,000 a year in revenue costs.

The departure of the market will make way for a fashion retailer.

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