An extraordinary meeting of Market Rasen Town Council will be held tonight, Wednesday May 8, to discuss the future of De Aston Field.
The town council has had its latest bid to buy the field turned down by Lincolnshire County Council after it offered around half the amount the county authority has valued the land at.
Councillors will now hold a public meeting at the Festival Hall Committee Room tonight at 7.30pm to discuss what to do next.
The town council has around £90,000 of section 106 money, cash granted to the town to create new facilities by housing developers. Town Councillors had hoped to using half the money to buy the De Aston Field site and half to develop it.
But, if the town council does not spend the section 106 money by July, it will lose £42,500 of it as it has to be spent within a set period of time.
Tonight’s meeting will discuss whether to use the full £90,000 to purchase De Aston Field, whether to use the £42,500 which is time bound to purchase half the field or whether to seek an alternative route.