Pier rebuilt with £12m of public money sold!

[Guest]

Hastings pier has just been sold to a private investor for a reported £50k. This has come after £12m of public money was spent on it, and locals are furious.

The pier was devastated by a huge fire in 2010. It was rebuilt with over £12m from the heritage lottery fund and almost £600k from selling shares. It reopened in 2016. In 2017, it won the RIBA Stirling Prize – the “biggest prize in British architecture”.
Pier for sale

But later that year, operators Hastings Pier Charity went into administration. The pier was put up for sale. A group of locals calling themselves Friends of Hastings Pier (FOHP) set about the mammoth task of keeping it in community ownership. The group crowdfunded almost £500k and developed a business plan to:

keep the freehold of the Pier owned by the community, whilst transforming it into a profitable and sustainable business.

Pier sold

On 15 June, shareholders were informed the pier had been sold to Abid Gulzar, the owner of Eastbourne pier. The price was reported to be £50k.

https://www.thecanary.co/uk/2018/06/17/ ... r-peanuts/

Tory Voters..

[HobbitFeet]

aren't two things being confused here - the cost of rebuilding a piece of national history to maintain heritage, and the commercial value of that piece of history


it's just basic economics

[MungoBrush]

Hastings pier has just been sold to a private investor for a reported £50k. This has come after £12m of public money was spent on it, and locals are furious.

The pier was devastated by a huge fire in 2010. It was rebuilt with over £12m from the heritage lottery fund and almost £600k from selling shares. It reopened in 2016. In 2017, it won the RIBA Stirling Prize – the “biggest prize in British architecture”.
Pier for sale

But later that year, operators Hastings Pier Charity went into administration. The pier was put up for sale. A group of locals calling themselves Friends of Hastings Pier (FOHP) set about the mammoth task of keeping it in community ownership. The group crowdfunded almost £500k and developed a business plan to:

keep the freehold of the Pier owned by the community, whilst transforming it into a profitable and sustainable business.

Pier sold

On 15 June, shareholders were informed the pier had been sold to Abid Gulzar, the owner of Eastbourne pier. The price was reported to be £50k.

https://www.thecanary.co/uk/2018/06/17/ ... r-peanuts/

Tory Voters..

What exactly is your problem with this?
The charity that owned it went broke
An experienced entrepreneur has rescued it

[Guest]

Hastings pier has just been sold to a private investor for a reported £50k. This has come after £12m of public money was spent on it, and locals are furious.

The pier was devastated by a huge fire in 2010. It was rebuilt with over £12m from the heritage lottery fund and almost £600k from selling shares. It reopened in 2016. In 2017, it won the RIBA Stirling Prize – the “biggest prize in British architecture”.
Pier for sale

But later that year, operators Hastings Pier Charity went into administration. The pier was put up for sale. A group of locals calling themselves Friends of Hastings Pier (FOHP) set about the mammoth task of keeping it in community ownership. The group crowdfunded almost £500k and developed a business plan to:

keep the freehold of the Pier owned by the community, whilst transforming it into a profitable and sustainable business.

Pier sold

On 15 June, shareholders were informed the pier had been sold to Abid Gulzar, the owner of Eastbourne pier. The price was reported to be £50k.

https://www.thecanary.co/uk/2018/06/17/ ... r-peanuts/

Tory Voters..

What exactly is your problem with this?
The charity that owned it went broke
An experienced entrepreneur has rescued it

You never bother to read articles properly before jumping in with your nonsensical bollax Tory scum.

'An award winning pier rebuilt with £12m of public money is flogged off to a private owner for peanuts'

The clue is in the headline.....now do one!

[MungoBrush]

Hastings pier has just been sold to a private investor for a reported £50k. This has come after £12m of public money was spent on it, and locals are furious.

The pier was devastated by a huge fire in 2010. It was rebuilt with over £12m from the heritage lottery fund and almost £600k from selling shares. It reopened in 2016. In 2017, it won the RIBA Stirling Prize – the “biggest prize in British architecture”.
Pier for sale

But later that year, operators Hastings Pier Charity went into administration. The pier was put up for sale. A group of locals calling themselves Friends of Hastings Pier (FOHP) set about the mammoth task of keeping it in community ownership. The group crowdfunded almost £500k and developed a business plan to:

keep the freehold of the Pier owned by the community, whilst transforming it into a profitable and sustainable business.

Pier sold

On 15 June, shareholders were informed the pier had been sold to Abid Gulzar, the owner of Eastbourne pier. The price was reported to be £50k.

https://www.thecanary.co/uk/2018/06/17/ ... r-peanuts/

Tory Voters..

What exactly is your problem with this?
The charity that owned it went broke
An experienced entrepreneur has rescued it

You never bother to read articles properly before jumping in with your nonsensical bollax Tory scum.

'An award winning pier rebuilt with £12m of public money is flogged off to a private owner for peanuts'

The clue is in the headline.....now do one!

You have to read past the headline.
Difficult, I know, big words and long sentences
But, actually the clue is in the detail.

The Charity went broke
They blew away all that public money
It's being rescued by a businessman.

[Cannydc]

So a pier rebuilt at a cost of £12,000,000 is only worth £50k ?

It is in Tory world, obviously.

[Stooo]

So a pier rebuilt at a cost of £12,000,000 is only worth £50k ?

It is in Tory world, obviously.

The whole of Hastings isn't worth £50K, awful place...

[Cannydc]

So a pier rebuilt at a cost of £12,000,000 is only worth £50k ?

It is in Tory world, obviously.

The whole of Hastings isn't worth £50K, awful place...

Even the beach is cold and stony. But £12m must have gone somewhere...

[Punk]

So a pier rebuilt at a cost of £12,000,000 is only worth £50k ?

It is in Tory world, obviously.

The whole of Hastings isn't worth £50K, awful place...

We lived there for a bit, just above the West Hill, biggest issue was with gulls, a mate went round to the local chippy for sausage and chips, a gull nicked the sausage and pooped on the chips at the same time.

My prediction is that it will burn down again very soon.

[McAz]

So a pier rebuilt at a cost of £12,000,000 is only worth £50k ?

It is in Tory world, obviously.

The whole of Hastings isn't worth £50K, awful place...

Full of old Tories I believe...

...oh, and Punk.

[Punk]

So a pier rebuilt at a cost of £12,000,000 is only worth £50k ?

It is in Tory world, obviously.

The whole of Hastings isn't worth £50K, awful place...

Full of old Tories I believe...

...oh, and Punk.

April 2000 - September 2001 then back to Catford and no seagulls.

[McAz]

So a pier rebuilt at a cost of £12,000,000 is only worth £50k ?

It is in Tory world, obviously.

The whole of Hastings isn't worth £50K, awful place...

Full of old Tories I believe...

...oh, and Punk.

April 2000 - September 2001 then back to Catford and no seagulls.

You did well to last that long.

[Punk]

So a pier rebuilt at a cost of £12,000,000 is only worth £50k ?

It is in Tory world, obviously.

The whole of Hastings isn't worth £50K, awful place...

Full of old Tories I believe...

...oh, and Punk.

April 2000 - September 2001 then back to Catford and no seagulls.

You did well to last that long.

I lived in Catford most of the time due to my studies. Sunday eve to Thursday eve.