Video: Councillor explains why Louth cattle market could be put up for sale

East Lindsey District Council’s top finance councillor says he is keeping an ‘open mind’ over the timescale of a verdict on Louth cattle market.

On Friday it was announced ELDC will seek ‘independent expert advice’ as to whether to sell off the cattle market site in Newmarket.

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Councillor John Upsall, portfolio holder for property and finance, said the council will take bids for the contract from six expert companies, one of which will be selected to analyse the site and identify whether it should be marketed.

The council confirmed it had had ‘significant’ interest in the site from ‘the majority’ of major supermarket operators, but said there had been no enquiries about building housing.

A report will be prepared and will be presented to the council’s executive board in September.

A Royal Charter means Louth must have a cattle market, and ELDC have insisted the town will not be left without one.

Watch the video interview to hear Councillor Upsall’s thoughts.