THE lease that will allow Bury St Edmunds’ Corn Exchange’s upper floor to become a pub will be signed on Monday.
It means the pub chain J D Weatherspoon will start work on the 150-year-old grade II listed building in March, investing £1.4 million and planning to open in early summer.
The company says the building’s history will be described in decorations around the interior, as with other old buildings it has.
As well as creating about 45 full and part-time jobs, there is a financial benefit for the Council Tax-payer because St Edmundsbury Borough Council will receive a rent of £80,000 a year from letting the top floor. It closed in autumn 2010.
Council leader John Griffiths said Wetherspoon had an excellent reputation for refurbishing landmark buildings and added: “This is excellent news all round, both for those who wish to see the building open again and for Council Tax-payers.”
Wetherspoon chairman Tim Martin said: “It is an iconic building in the town and we can assure residents that Wetherspoon will develop the building into a wonderful pub which will be an asset to the town.”