Leeds Kirkgate Market is losing £709,800 a year in income from stalls lying empty, according to a Leeds City Council report.
The report, to be presented at a meeting of the Council’s Scrutiny Board (Regeneration) next week, says the figure represents a combination of lost rent and service charges not paid on 78 empty units in the market.
The figures have been made known as the Council is preparing to announce the findings of a team of consultants brought in to help develop plans for the future ownership and management of the market.
The draft findings of consultants Quarterbridge Project Management are currently under review and will be presented to the Council’s executive board “in the near future”, the report says.
The next meeting of the executive board is scheduled to be held on 10th February.
Campaign group the Friends of Kirkgate Market has been urging the Council to lower rents for stallholders, increase its investment in the market and give traders a bigger say in its running.