Plans are being made to move the market to north of the city centre
Plans to sell off 10 acres of land in Hereford city centre to make way for a multi-million pound development have been approved.
Herefordshire Council's cabinet agreed the sale, which includes the cattle market site, under a 250-year lease.
The Edgar Street Grid (ESG) project will include new homes and a retail and leisure complex.
Council Leader Roger Phillips said the financial details of the sale would not be made public.
The sale was approved at a council meeting on Thursday.
Mr Phillips said the finalised deal would have to include an eight-screen multiplex cinema, the inclusion of a major department store and sufficient parking provision.
The market is set to relocated to the north of the city centre.