A deal between a private sector backer and Causeway Coast & Glens Council is understood to be considered in a bid to rejuvenate and restore Coleraine's historic market yard.
If successful the new tenant promises to 'restore the Market Yard as a traditional market for quality local produce, goods and services.'
As yet the potential tenant is unknown however they have indicated to invest 'personal significant finance'.
Minutes of a report reads "The main purpose is to rejuvenate the local area and utilise the beautiful Market Yard façade to welcome both locals and tourists to a top-quality experience enhancing the immediate vicinity of Coleraine Town Centre and add to the reputation of Coleraine as the capital of the North Coast.
"Significant personal finance will be invested in this project (subject to the necessary consents) which will be welcomed by local traders, residents of Coleraine and those visiting the area".
In June 2021 Council ratified the decision to retender the leasing of the Market Yard, Coleraine. Two tenders were received.
The tender documents stipulated that the award criteria would be based on the most favourable financial offer submitted and noted that Causeway Coast and Glens Borough Council is not obliged to accept the highest or any offer.