The trust hoping to lease Richmond's former railway station should be given confidential information about its value, councillors will be told next week.
The building was restored thanks to a grant from the National Lottery.
Projects submitted to Richmondshire District Council by four consortiums were eventually beaten by an application from the Friends of Richmond Station, which wanted the station to remain in public hands.
A feasibility study has been carried out, and the Richmondshire Building Preservation Trust Limited formed to take the project forward.
So far, the council has refused to disclose details of the building's value.
But the authority's resources committee will be told on Tuesday that bids for future funding may fail if the trust cannot provide a valuation figure.
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