Traders on Eastgate Market have overwhelmingly voted to stay where they are.
Plans to move the market upstairs to make way for a new TK Maxx have been rejected 21 votes to three in the ballot.
Council leader Paul James yesterday said that he would stand by a promise not to force the traders to move unless they chose to themselves.
But traders fear that the council’s financial report into the cost of refurbishing the current market will make it ‘cost prohibitive’ to stay because it would be reflected in higher rents that they could not afford.
Instead they believe the council’s report will show that it is cheaper to move upstairs in The Eastgate shopping centre, a move that has been repeatedly dismissed by most traders.
Darren Payne, from the Farmhouse deli stall, which he has run for three decades, said: “We thought that a vote would be the best way to show how we feel about moving and we have decided that we want to stay exactly where we are.
“Even though they say they won’t move us they will try to make it cost prohibitive to stay. We just don’t trust what they are going to do.
“At the end of the day this is our livelihood. My stall alone employs five people.
“This market is part of Gloucester’s history and it is what makes us unique. We don’t want to lose that – we do not want Gloucester to just look like every other town or city.
“The council put forward this very romantic image of markets in Milan and Florence but at the end of the day this is Gloucester and we just know that moving upstairs would spell the end for the market.”
It is thought that a restoration of the current site might cost up to £750,000 compared to a cheaper alternative move upstairs.
Councillor James said: “We are hoping that in the next week or so the traders will be provided with the financial information they need to make a decision.
“We will be sticking with what we have said.
“Darren is entitled to his opinion and I can understand a certain degree of scepticism but they will be true figures and what they say will be what the situation is.”