Kitchener council has approved a temporary 50 per cent reduction in rent for vendors at the Kitchener Market as the facility undergoes repairs following July’s fire. The reduced rates are part of an interim operating model designed to help small businesses while the extensive remediation and restoration work continues. While the electrical fire July 12 was contained to one area, there was widespread smoke and soot contamination throughout the building. The city said extra measures were needed because of the market’s food-focused operations. Staff expected the restoration work to take several months, although a full reopening date has not yet been determined. Since July 18, rent has been waived for affected vendors. Under the expanded model, starting Sept. 5, 72 per cent of those typically located on the lower market level will be able to resume operations. The temporary arrangement is expected to restore access to key products, including meat and dairy. The city said it is investing in temporary electrical and plumbing infrastructure to support the expanded operation. The initial rent reduction is for 50 per cent of regular user fees. Staff have also been given authority to adjust temporary vendor rates and other operating arrangements based on factors such as customer traffic and the progress of the reopening. Under normal conditions, the lower market generates about $41,274 a month in vendor fee revenue. With the reduced rates and smaller footprint, staff estimates the interim model will bring in between $15,000 and $20,000 a month. Staff said establishing the interim market will cost an estimated $360,000, explaining that maintaining operations is expected to have a relatively smaller net financial impact than leaving the lower market closed. The city is also looking at options to keep outdoor farmers and produce vendors operating throughout the winter, such as enclosing portions of the covered market area and improving heating. They are working with food hall vendors individually to determine whether temporary operating arrangements are feasible. Staff said the most significant work is expected to begin at the end of September. The Kitchener Farmers’ Market has been operating for more than 155 years and is one of the oldest continuously-run markets in Canada. The King Street location opened in 2004.
