SpamMisery
Pretty comfortable here right under your skin
Nobody cares
Pop Brixton (formerly Grow Brixton) Pope's Road development
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Mr Retro
Beware hedgehogs
To be fair I reckon about 10 people in Brixton care
Nanker Phelge
Leave the gun. Take the cannoli.
That looks a bit like a works leaving drinks tbh...and about as exciting...
snowy_again
Slush
Whereas this might have made me break my 'no pop' rule:
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hiraethified
That video is making me dizzy!
Their DJ acts/club nights are certainly better than the horticultural/environmental efforts.
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hiraethified
So they are actually donating to the community....well done Pop!
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hiraethified
Brixton Buzz has managed well over £3,000 in charitable donations and we get zero income, so forgive me if I don't get too excited by their generous donation of just £250.
Nanker Phelge
Leave the gun. Take the cannoli.
In reality first year businesses tend to run at a loss, that said, I am a bit surprised they haven't made a profit.
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hiraethified
Especially when they're getting the land rent fucking free.
SpamMisery
Pretty comfortable here right under your skin
As it's a 50% profit share, does the council owe them £133,000? 
SpamMisery
Pretty comfortable here right under your skin
CTA appear to be making a profit of £8,575 a year (if my quick and dirty maths is right). It's lucky he's not paying rent.
snowy_again
Slush
But also aggressively depreciating the assets - not read the accounts but am struggling to see where that level of capital start up went?
Gramsci
Well-Known Member
Cllr Hopkins expected it to make a profit that the Council shared and invested elsewhere. Looks like this is overly optimistic.
It may make a small profit by the last year of its time there. Or not as the case may be. But as Cllr Jack saw this as something the Council expected from this project its failing on this point.
He is implying that some of the profit share would go into the next "Pop" type project up in Loughborough Junction (minus the eateries). Realistically I don’t see that happening.
Gramsci
Well-Known Member
Surprised that Pop had to stump some of the money to move the Impact Hub into Pop. I assumed that would be all grant funded or funded by Council if there was a shortfall. Impact Hub was in the Town Hall so had to move whilst building works went on. So would have thought that the Council would have budgeted for this as part of the Town Hall scheme.
T & P
|-o-| (-o-) |-o-|
Yeah but, so what, really? As you said yourself earlier many ventures make a loss in their first year. There have been no consequences out of these figures- it's just a financial sumnary of an ongoing project designed to run for several more years. To me is hardly newsworthy stuff, and certainly even less worthy of criticism.
Gramsci
Well-Known Member
Point being that you said :
"it'd be hilarious if it's now criticised for not making enough profits."
Cllr Jacko saw this as something that he expected. Im not criticising individuals here. This project was expected to produce a 50:50 profit share between the Council and Pop. This was on the agreement that the land would be given rent free. Brought up many times on this thread about the profit share.
It now looks like the projected profit share is low figure. And it will not happen until the end of the scheme.
So its not a sign of success of this project.
Don't get me wrong like - I'm sure a few people have been paid VERY equitably even though the loss*...they have also donated space\time to free projects ala calais kitchen.
*I'd like to see the accounts broken down and posted here as it means nothing to a charitable financial incompetent like me - but I know other people here are good at this sort of stuff if they can be bothered!
Shippou-Sensei
4:1:2.5
The real question is what is the underlying value this place has?
What resource does this place has that makes it a commodity?
I ask this because it is clear that the community aspects were disregarded
It seems to me that the whole idea seems hollow.
Some of the food places seem nice but not well represented. if they marketed this as a special food court i would be behind it. but no. it's deliberatly hipster bollocks crap
What resource does this place has that makes it a commodity?
I ask this because it is clear that the community aspects were disregarded
It seems to me that the whole idea seems hollow.
Some of the food places seem nice but not well represented. if they marketed this as a special food court i would be behind it. but no. it's deliberatly hipster bollocks crap
SpamMisery
Pretty comfortable here right under your skin
The promise:
The reality:
Looking a bit bloody green for my liking
Wow. They actually did exactly what they said they would!
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hiraethified
It's barely greener than my balcony in the Barrier Block.
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hiraethified
Why not? The money was supposed to go back to the council, so it's our fucking money. If they've spunked it all on trying to look like trendy Shoreditch park and shelling out hundreds of thousands on security guards and 'absorbing' money from elsewhere, why shouldn't people be critical?
I can't help thinking that if they just put on normal markets in that space - or rented it out to displaced Arch traders - and not bothered with all the trendy container park bollocks, they would have ended up raising more money than the comparatively tiny £98,000 predicted after three years. And that's on rent free land. Where's all the money gone?
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hiraethified
Anyone got any thoughts on how and why a temporary pop up should cost £1.5m to build given that it's just a stack of shipping containers with some infrastructure attached? Those shipping units cost about £3k each second hand, so where the fuck did all the rest of the money go?
