East Lindsey District Council has announced it will ‘seek independent expert advice’ as to whether to sell off the cattle market site in Louth.
At a media briefing this afternoon the authority’s Councillor John Upsall, portfolio holder for property and finance, made the announcement.
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 off Newmarket 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.
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