Decision details
Refurbishing Newgate Market
Decision Maker: Executive
Decision status: Decision Made
Is Key decision?: No
Is subject to call in?: Yes
Purpose:
Purpose of Report: To propose an outline scheme for the refurbishment and modernisation of York's Market and the services provided to traders.
Members are asked to: approve investment from the Economic Infrastructure Fund.
Decision:
RESOLVED: That Cabinet approve a £1.614m investment from the Economic Infrastructure Fund in Newgate Market, phased over the following periods:
£100k (2012/13),
£1.4m (2013/14)
and to agree a further £114k revenue funding in 2013/14 from the EIF to cover the lost income during refurbishment with a repayment profile as set out in Annex 1 of the report.
REASON: To position Newgate Market as a unique and high performing asset for the city centre.
Report author: Charlie Croft
Publication date: 06/11/2012
Date of decision: 06/11/2012
Decided at meeting: 06/11/2012 - Executive
Effective from: 09/11/2012
Accompanying Documents:
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