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The market as an institution is 850 years old; the building that currently houses that institution is 42 years old. The market is not a place; it is the activity in which people engage in that place.
And no laws or legislation have been passed or proposed to close down said institution, is that accurate?
Most startups moved out to WeWork as soon as they could turn a profit. But hey, it was cheap office space in super-central London.
> The original market first traded in Lower Thames Street in the City in 1327, before moving to its current site in Poplar, east London, in 1982. So the "850 year old" food market is actually a 42 year old market, and will likely continue to operate from a different location as it has done many times in the past.
Apparently the plans to build the new market have fallen through
> The decision to close the markets and offer traders compensation was made by the Corporation's Court of Common Council. > The Corporation will now have to file a Private Bill in Parliament as it seeks to absolve itself of the legal responsibility of running the markets. The Corporation in this case is the Corporation of the City of London, which is the local government authority for the City of London, which is onl…
> The original market first traded in Lower Thames Street in the City in 1327, before moving to its current site in Poplar, east London, in 1982. So the "850 year old" food market is actually a 42 year old market, and will likely continue to operate from a different location as it has done many times in the past.
> The decision to close the markets and offer traders compensation was made by the Corporation's Court of Common Council.
It seems that they want to close the markets, not to move them
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Oh no, that'd be awful...but good news, I just looked into it, no China/Russia investors! It's a real estate developer working with the people to get a bunch of units built to ease a historic shortage. Huzzah!
There's a billion dollar price tag being punted around and you think the resulting development is going to be aimed at and priced to reduce a housing supply shortage? Are you by chance on the market to buy a bridge?
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There's a billion dollar price tag being punted around and you think the resulting development is going to be aimed at and priced to reduce a housing supply shortage? Are you by chance on the market to buy a bridge?
Luxury apartments do reduce the housing shortage. Cashed up boomers can move out of the nice family home they've been living in since the kids left and upgrade/downsize. Building the high end and having people move up helps with the high cost of construction also.
Super sad, have spent a long of time in the area from riding right through the middle of it and parking my motorbike under it, to wolfing Turkish lunches and drinking in the pubs (not on the same day, drink-driving mavens). It is a bit of anomaly in the modern London, hard to get to and surrounded by roads that aren’t really fit for purpose anymore, but it’s these incongruous spots that make things interesting. I rem…
> "It means there’s no fish market for London, which would mean the populace of London would have to resort to using local fishmongers" I mean, or Tesco?