Robin Tuddenham, the council's director of communities, said the aim was to make the Piece Hall commercially sustainable while maintaining its links to Halifax's history.
BBC: Halifax Piece Hall ?16m revamp plans are considered
Opening in 1779 as a marketplace for Halifax's cloth trade, the council-owned Piece Hall now plays host to shops, cafes and an art gallery.
Restoration of the Piece Hall, a Grade I-listed building for trading cloth in Halifax, was supported by the planning committee of Calderdale Council.
BBC: Halifax's Piece Hall restoration plan approved
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