The future of Nottingham's Victoria Market is in doubt after the city council put forward plans to review its operation to save estimated running costs amounting to £39m over the remaining 50 years of the current agreement.
Nottingham City Council leases the market space in the Victoria Centre and provides a significant annual subsidy. This is due to reduced income to cover the landlord’s service charge and other running costs for the indoor market.
Any proposal relating to the market would have to be agreed by the owners of the Victoria Centre, represented by asset managers of the centre Global Mutual. A six-week consultation period begins today, Monday, April 25, for stallholders and the public to give their views on a range of alternative options.
