The plan was first made public 18 months ago
Traders at the Victoria Centre Market say they are now thousands of pounds out of pocket as they await a final decision on their future. Nottingham City Council said it may bring an end to the market’s lease in a bid to save £39m over 50 years.
“I’ve spent £3,500 on solicitor fees for the early surrender, which the council said would pay for,” he said. “Then there’s £2,000 to £3,000 for the solicitor for the new lease, which the council is not paying for. “My shopfitting quotes and surveys done on other potential premises and legal advice on the council’s position is another £4,000, not to mention lost trade. “Thankfully I have a strong business model that is doing well but others are struggling.”
“We are hoping to continue an open dialogue with Nottingham City Council and have asked them to clarify their long-term position regarding the continued operation of the market and the financial investment that it requires from them.” The market opened in the shopping centre in 1972 and was once home to more than 200 stalls, but now only around 30 traders remain.
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