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The plan to open a year-round public market on 10th Street just south of downtown has fizzled.

A nonprofit entity that bought the former postal annex at 10th and Pierce Streets, and was behind the public market effort since at least 2014, declined to provide details. But spokesperson Kristin Williams offered a brief written statement Wednesday confirming the decision.

“Due to a variety of factors, it has become clear that now is not the time for the public market,” said Williams, who also works with the Sherwood Foundation. “As such, the board has decided to discontinue its efforts.”

Board members had been fundraising for years and had set a fall 2018 opening date. A Facebook page shows renderings of the proposed Tenth Street Market and said it was to provide access to fresh, healthy food from locally owned and operated businesses. It said the market would bring together people from all backgrounds, offering educational programs on food preparation and nutrition.

Vendors were to accept public benefits including food stamps. The marketplace was to be mostly indoor but also spill outdoors, and was to provide a gathering space for public and private events.