Plans for Romford Market House scrapped as 'no longer financially viable'
PUBLISHED: 12:52 03 July 2017 | UPDATED: 17:43 03 July 2017
The plan to build a Market House restaurant in the middle of Romford Market which had 900 objections, has been scrapped.
The £250,000 town centre project - which was going to be jointly funded by Havering Council and the Greater London Authority (GLA) - was given the green light earlier this year.
But the council has released a statement today announcing that work on the Market House has been discontinued due to the project being “no longer financially viable”.
It explains work that has already been carried out has highlighted the extent of underground works needed before the Market House could be built.
Council officers have recommended that the project should not continue because the additional works would increase costs by nearly £1million.
The building would have included a restaurant, cafe and a trader room providing facilities to market traders.
Director of neighbourhoods Steve Moore said: “Disappointingly, the revised costs of building the proposed Market House would that it’s not financially viable to continue with the project.
“The council remains committed to the regeneration of Romford Market and attracting more traders and customers.”
According to the council, the work of the Market Management Team has led to an increase in applications from new traders, with other plans still in place including the introduction of Town Centre wifi, work to improve the look of stalls and pitches, better parking and a Christmas events programme.
Changes could also be made to improve the layout of the market.
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