Traders at Nottingham's Victoria Centre Market feel the historic site is getting 'near the end' and believe the coming year will be its last. Businesses at the market, which has operated since 1971, believe the council will close the market as planned at the end of March 2025 despite several previous closure dates having come and gone. One trader says he will be sad to leave, with his business having been based there for 40 years.
Yet many simply crave certainty for their livelihoods after experiencing years of limbo under Nottingham City Council. Traders were first told Nottingham City Council would surrender its lease on the market on February 24 in 2022, with some having signed compensation offers and arranged new premises to move into. This date came and went with no further certainty and it was eventually confirmed that negotiations had fallen through with Global Mutual, the asset managers of the Victoria Centre Market. The city council said negotiations with Global Mutual had been 'both complex and protracted' and that talks would continue over the termination of the lease agreement, which the council says would have cost it £39 million over the next 50 years. The Labour-led authority's most recent closure plan was for traders to leave the site this summer, which once again came and went. September saw the most recent pledge for the market's future, when the council said it still intended to close the market and that traders who had not been paying rent would be asked to leave. The first businesses began leaving at the end of October, with those remaining set to be in place until March. One of those leaving is John Easom, of Gold Bank Jewellers, who is planning to move his eight-year-old business into the former Blacks store on Exchange Walk. Mr Easom said that the city council was not renewing his lease and rather than fight against that decision, he is now set to vacate on March 1
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