Extra £1.25m required for revamp of Kirkgate Market in Leeds
An extra £1.35m will be spent on the major refurbishment of the Grade I-listed Kirkgate Market in Leeds.
Initially expected to cost £12.3m, the redevelopment began earlier this year and is aiming to increase the number of shoppers.
The city council has cited that the rising costs are due to increased construction and building fees, and keeping parts of the market open during the refurbishment, BBC reports.
Coun Richard Lewis, Leeds City Council’s executive member responsible for regeneration, transport and planning said: “Kirkgate Market is a prime retail location with a major historical and cultural significance for Leeds, so it is only right that we invest in its future now to make it sustainable for generations to come.
“We can only achieve this by putting in the capital investment it needs now, to secure its long term growth it is vital that the right level of investment is made now, to ensure we use taxpayer’s money wisely on works that we know are needed now and in the near future.
“This will save money in the long term and cause less disruption for shoppers and traders. However it is a complex project in a listed building and a live retail environment which brings additional complications.
“We have undertaken a further survey which has indicated a need to do more to make the building fit for purpose long term, in addition to increased construction costs. This is one of the most exciting developments in Leeds today and by working with our appointed contractors Interserve, we will create a highly successful, profitable and sustainable destination market which is a centre of excellence for independent retailers and entrepreneurs.”
Looking to promote your product/service to SME businesses in your region? Find out how Bdaily can help →
Enjoy the read? Get Bdaily delivered.
Sign up to receive our popular Yorkshire & The Humber morning email for free.