Wed Sep 18 11:51:57 UTC 2024: ## Bristol City Council Faces Backlash over Potential Sale of Bottle Yard Studios
Bristol City Council is facing criticism from Labour councillors over plans to sell the world-renowned Bottle Yard Studios. The Green Party-led council voted to explore a potential sale of the long leasehold at a recent committee meeting, prompting accusations of a “fire sale” and a lack of transparency from Labour.
Labour councillors claim they missed crucial briefings due to annual leave and were denied access to confidential financial reports, leaving them unable to make informed decisions. They have expressed opposition to the sale, urging the council to consider alternative options such as a joint venture or an arms-length company.
However, the Green Party leadership insists the sale proposal originated under the previous Labour administration and that no decision has been made. They argue that significant investment is needed for the studio to thrive, which the council cannot provide due to financial constraints.
Council director Alex Hearn stated that the sale is not intended to raise money but to ensure the studio’s future success, citing significant interest from production companies seeking ownership. He believes a private owner is better positioned to manage the facility’s growth and provide the necessary financial resources.
Despite the council’s assertion that this is an exploratory move, Labour councillors remain concerned about the potential loss of public ownership and the impact on the local economy. They believe a private sale could negatively affect the studios’ social value and reduce its benefits for Bristol.
The council has stated they will only proceed with the sale if they receive a satisfactory offer, assuring the public that they are exploring all available options. The situation remains fluid, and the future of the Bottle Yard Studios remains uncertain.
First Piper 