The purchase of Northampton's Corn Exchange is the latest derelict premises bought by the authority.
A council has been investing millions of pounds into regenerating a town centre and has purchased derelict shops, offices and pubs.
"Whereas things like adult social care, children’s trust, roads - all those things people talk about - all comes out of our daily revenue pot and that comes from your council tax equivalent."Last year West Northamptonshire Council purchased the former job centre in Northampton town centre and it acquired the BHS outlet in 2022.
Koulla Jolley, a Labour councillor and shadow cabinet member for local economy, culture and leisure, said: "More due diligence was needed on this. "The other alternative is we leave it empty or comes forward with for inappropriate uses on there."West Northamptonshire Council hope the work will rejuvenate Northampton town centreNew research by the BBC has found that across the country the financial pressure being faced by local councils is getting worse.
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