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Business News Live Business
Campaign launched to save The Coronet
By Aly Barchi | Published on Monday 7 July 2014
The team at London live spot The Coronet – in the capital’s Elephant & Castle district – have launched a campaign to ‘save’ it from… erm, uncertain death. Or rather, to ‘assure’ it a more certain future.
Management say that the building’s landlord Delancey hasn’t yet confirmed if it will extend the venue’s lease when it expires in November 2015, and they are seeking assurances from both the real estate company and local authority Southwark Council that The Coronet will be able to continue to operate as a gig and club venue in the locale for the foreseeable future.
The venue adds that uncertainty is hindering investment plans. Directors of the 140 year old Coronet Theatre claim they have set aside £2 million to make improvements and to invest in “exciting new events” but, they say, pending a commitment from Delancey and the Council they can’t go ahead with their plans.
The campaign details read: “We recognise the Elephant & Castle is undergoing significant and exciting regeneration, and we warmly welcome this investment in the area’s future. We also fully appreciate that the Coronet may need to evolve to reflect the wider regeneration of the area and it may be necessary for us to relocate to another site in the immediate area”.
It goes on: “However, regeneration shouldn’t come at the expense of Elephant & Castle’s diverse cultural mix, and we need a clear and firm commitment from Southwark Council and Delancey that the Coronet has a future in the Elephant, either at our current location or at a suitable alternative site”.
You can back the ‘Save The Coronet’ initiative by signing its official petition via this link.
