An Expressions of Interest (EOI) process for the lease or sale of the Singleton Regional Livestock Market will progress to the next stage following the deadline for EOIs yesterday.
Anthony Egan, Council’s Director Community and Corporate, said he was pleased with the number of submissions received and Council staff would now commence an evaluation.
A report is anticipated to be presented to Council’s first meeting of 2018 on 19 February to decide the next steps.
The options available to Council following evaluation of the EOIs are:
Mr Egan said the purpose of the EOI was to gauge interest from specialists in livestock markets for the lease or purchase of the facility, ensuring its continued operation in our local government area.
“Council is 100% committed to ensuring a livestock market continues to operate in our local government area well into the future,” he said.
“However, the fact is the current operation and management of the facility is unsustainable, recording a deficit in excess of $250,000 in the previous financial year.
“Council does not know how the future operation of the saleyards will look at this stage and it is premature to speculate about the outcome of this EOI process.
“But the EOIs we have received will present options for how the livestock market can continue to be an important economic driver for Singleton, and help Council make an informed decision on how it would best serve stakeholders, including buyers and sellers, for years to come.”