New deal for theatre

By Ross Findon

Wednesday, January 23, 2013


New deal for theatre

Ryde Theatre, which is to be sold by the Isle of Wight Council.

A NEW deal to sell Ryde Theatre could be signed within weeks.

In a delegated decision report published by the Isle of Wight Council today (Wednesday), it was revealed that the Grade II listed building could be sold for £300,000.

That would be £100,000 less than what the council had agreed in a previous deal, which collapsed in November.

After the deal fell through, the Isle of Wight Council went back to other bidders.

According to the latest report, if the delegated decision is taken by Cllr George Brown to pursue the new deal, it could be completed by March 31.

Local councillors were briefed ahead of the report being published.

The report said the council had not consulted locally due to the tight timescales and the similarity between the latest proposal and the previous one.

Under the deal, the council will retain ownership of the war memorial on a 999 year lease.

The CCTV hub for Ryde, located in the building, will be leased to the council for £100 a year for a maximum term of 27 months and the public toilets will be leased to the authority on a 999 ground lease at £200 a year.



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by steve cummings

24th January 2013, at 09:19:05

Now John, those mosquitos have got to live somewhere. :>)

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by John Lennon

24th January 2013, at 09:09:20

It would make a nice mosque.

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by geoffrey clynch

23rd January 2013, at 17:26:57

MORE destruction of the Islands HERITAGE

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by Mike Crowe

23rd January 2013, at 16:39:17

How much of the building is listed and what assurance was there that it would stay a Theatre?

I am led to believe that it is only the front section, that part fronting the road, which is listed and therefore the rest could be pulled down and rebuilt as flats/appartments.

Someone please prove me wrong.

Any views or opinions presented in the comments above are solely those of the author and do not represent those of the Isle of Wight County Press.

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