A controversial sell-off and demolition of Wakefield’s £3m market is expected to be given the go ahead by councillors today.
Wakefield Council’s cabinet could approve plans to sell the market to the owners of the nearby Trinity Walk shopping centre, who want to turn the site into a multi-screen cinema with shops and restaurants.
Under the plans, indoor traders could relocate to a new market at the Ridings Shopping Centre and outdoor stallholders would be given space to trade in the cathedral precinct.
A report to the meeting recommends the sale goes ahead, despite thousands of people signing a petition against the move.
It said: “Initial consultation with the Ridings has identified available space within the centre which could be used to develop a bespoke indoor market.
“A recent visit to the Crystal Peaks Shopping Centre in Sheffield highlighted how successful the indoor market there has been in a wider large-retailer setting, establishing itself as one of the centre’s key anchor tenants.”
Wakefield Council would make £236,000 from the sell-off after demolition and relocation costs for both the indoor and outdoor markets are taken into account.
But the report said relocation costs for the outdoor market, estimated at £395,000, would be recouped as the market comes back into profit.
Last year the market ran at a loss of £193,000.
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