Mike Nuttall Local Service Partners Guild Hall Preston Preston Guild 1972 Concert Hall capacity 2700 Theatre capacity 800 Shopping arcade c20 units Bus Station Multistorey car park ID: 1047474
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1. CIPFA North WestThe Guild Hall, PrestonMike NuttallLocal Service Partners
2. Guild Hall, PrestonPreston Guild 1972Concert Hall – capacity 2,700Theatre – capacity 800Shopping arcade – c20 unitsBus StationMulti-storey car park2
3. Guild Hall, PrestonNationally recognised venueTop actsGateway into PrestonSignificant footfall3
4. Guild Hall, Preston – fortunes changeCompetition from other venuesFootfall reductionShopping arcade – vacanciesMajor works requiredCouncil subsidy c£1.2m p.a.Risk appetite reduced4
5. Guild Hall, Preston – what next?Mounting Council budget pressuresHigh profile siteLong term solution neededMothball/demolish the venue being considered – 2013Market the site – “last throw of the dice”5
6. Guild Hall, Preston – a way forwardRigby Organisation proposal - local entrepreneurLeasehold (999 years) Oct 2014Reinvigorate the venueCapital investment c£5mCompliment wider regeneration aspirations Remove the Council subsidy…..quickly6
7. Guild Hall, Preston – rises from the ashesRigby Organisation – determined to make an immediate/bold statementVenue facelift New “dining experiences” and bars openedGreater utilisation of spaceIncreased/complimentary occupancy of retail units7
8. Guild Hall, Preston8
9. Guild Hall, Preston – achievements/next?Savings/investment deliveredInvestment continues….Over 100 additional jobs created…..more to comeQuality of shows/events on offer improvedPrompted others to invest in surrounding facilitiesCreation of a multi-entertainment complex in large derelict retail unitConference venue9
10. Guild Hall, Preston – some reflectionsPartner selection crucialPace of decision makingIt’s an ongoing relationshipManaging riskRevenue generationAbility to respond to changing tastes10
11. The Rigby Organisation11
12. Local Service Partners – our offer to youDiverse and experienced teamDiscuss issues you may be facingExplore possible solutionsPragmatic and practicalAbility to make things happen12
13. Local Service PartnersMike NuttallExecutive AdvisorLocal Service PartnersMike.nuttall@localservicepartners.co.uk 13