P roposals to restore the St Ives Corn Exchange
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Transcript of P roposals to restore the St Ives Corn Exchange
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Proposals to restore the St Ives Corn Exchange
Presentation to St Ives Town Council St Ives Free Church
Wednesday 2 May, 2007
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Introduction
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Key Issues
• Is there a need for a community building in St Ives town centre ?
• Is the Corn Exchange the solution ?
• What is the way forward ?
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Does St Ives need the Corn Exchange
?
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Demographic Changes
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Potential Users
• St Ives Youth Theatre
• St Ivo School
• Dance and Music Groups
• Other Performing Arts
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Potential Users
• Markets
• Exhibitions and Workshops
• Talks
• Meetings of local Groups
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Benefits to St Ives
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St Ives Youth Theatre
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Costs and Sources of Funding
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Typical Community Hall Costs (sample size =84)
0
250
500
750
1000
1250
1500
1750
2000
2250
1 25 50 75 100
% Buildings
Co
st:
£/m
2
ACE Cost
DL Cost Range
Original scheme
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Revised ACE estimate
£1.26 million
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Transfer of Building and Council’s Reserve
• The Quirk Review - Released on May 15th
• Making it easier to transfer assets and funding into community hands
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Where will the funding come from ?
Town Council £650,000
Local donations £160,000
External grants £450,000
£1,260,000
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Running costs and Viability***
Alternatives to the Corn Exchange
***The Way forward
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Running costs
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Corn Exchange: Business Plan
0
5000
10000
15000
20000
25000
30000
35000
40000
45000
50000
1 2 3 4 5 6 7 8 9 10
Year
Am
ou
nt Income
Costs
Yearly balance
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Alternatives to the Corn Exchange?
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Partnership Approach and
The Way Forward
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Next steps
• Agree roles and responsibilities
• Form Trust / Charitable Company
• Finalise design brief
• Appoint design team
• Start fund raising
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The Way Forward
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Summary and Conclusion