Talks are being planned between the Fitzwilliam (Malton) Estate and the Malton and Ryedale Farmers Livestock Market Company with the aim of progressing the multi-million pound scheme to build a new market on the edge of the town.
The lease on the present 80-year-old market is due to expire in July, said Pat Foxton, the group chairman.
“We need an extension of between six to nine months on the site,” he added. “Negotiation is the best way forward.”
The aim, he said, was to secure an extension of the present lease at the market until its replacement is built.
The new livestock plan will give the Malton area’s employment and economy security “for 200 years” forecast Mr Foxton.
“It will be a marvellous asset for the whole of Ryedale especially with Bishop Burton College’s presence in the complex.”
Overall, said Mr Foxton, the aim is to create a smaller version of the successful Thirsk Auction Mart and Agricultural Centre where Askham Bryan have part of the complex along with a number of agricultural businesses and organisations.
The £17 million plan for the new site, close to the junction of the A64 and A169, near Eden Camp, has been submitted to Ryedale District Council by Commercial Development Projects, the Farmers Livestock Market Company and Fitzwilliam Trust Corporation and the authority’s planning committee is expected to make a decision on it later this summer.
Meetings are to be held in about 10 days with representatives from the Fitzwilliam (Malton) Estate, said Mr Foxton.
A business park will be created as part of the new livestock market scheme and housing schemes put forward for 300 homes on land at The Showfield, Old Malton and Peasey Hill to help fund it.
The talks come after Ryedale District Council granted outline planning permission to GMI Holbeck to develop a supermarket on Wentworth Street Car Park.