The Grade II listed building in Bartholomew Square requires £2m of maintenance over the next five years. A £10m investment has been given approval by the city council.
The plans for the town hall are for a “multi-sector hub for business growth, international trade, inward investment activity and destination marketing”.
In addition a top notch restaurant and café are also proposed for the ground floor to add value to the existing wedding service and offer a venue for the mayor to host dignitaries.
The refurbishment is being considered after political leaders rejected selling the building on a long lease for around £3m for a boutique hotel, a spa, a members’ club or serviced apartments.
Under-used council offices could be rented out to businesses or government bodies while the almost redundant council chamber could be used for lectures.
The council hopes commercial rental income could generate up to £600,000 a year to help meet up to £8.8 million of required borrowing.
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Brighton & Hove City Council