Quote:
Originally Posted by Angelic
I think it looks great! How many other local councils are currently investing in their dated market halls? Not many I'd guess. I'd certainly shop there rather than go into Burnley which is nearer.
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It was funded by central government from general taxation. The Council did not fund the renovation. The Council's first option was to sell the market off which drew must interest but no bidders because the accounts were a (profitable) mess.
My view was then and is now that the private sector be brought in with markets expertise. When the two year sell off failed that became the Council's preferred option.
At that stage opposition Councillors were removed from the project and the detail of the refurbishment and the business was totally in the hands of two people. Councillors Haworth and Britcliffe.
Whilst the private sector avenue was the best option, the way the Council has handled it is poor. Bully boy tactics on traders, lack of consultation, new imposed contracts that have left many stalls empty, food establishments in the wrong place.
It is currently losing around £150,000 - £200,000 pa less than it should be making. It is probably making around £50,000-£100,000 profit (though the accounts are still a mess). The failure to maximise income in the market will cost the Council tax 4% of Council Tax revenue which will have to paid for by Council Tax payers. It is affecting everyone.
If the markets problems (with traders / contracts / opening hours / food concessions) it could turn into a major problem quickly.
Little thought has been given to the money and ideas the Council have been given.