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London's 850-year-old food markets to close

bbc.co.uk

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Re: London's 850-year-old food markets to close

#71

Post by gyomu »

roughly wrote: post #56
hnbear wrote: post #24

Statement from the City of London Corporation which is closing them down: > Chris Hayward, policy chairman of the City of London Corporation, said the > decision represented a "positive new chapter" for the markets as it "empowers > traders to build a sustainable future in premises that align with their > long-term business goals". This is a great statement. Like firing people to free them up to find jobs that better…

Christ, yeah - I came here to post the same quote. What kind of horrific shit does one need to go through in life to become capable of uttering that kind of horseshit with a straight face?

Maybe we shouldn’t be casting stones from the HN glass house, because literally every other startup here has a mission statement that sounds as ridiculous as this

Re: London's 850-year-old food markets to close

#72

Post by danans »

cjs_ac wrote: post #2

> 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…

FTFY

> The Parliamentary Bill may very well not pass, in which case the Corporation may be in something of a pickled herring.

Re: London's 850-year-old food markets to close

#73

Post by jaza »

teractiveodular wrote: post #43

It's interesting to see how cities are handling the increasing bifurcation of wholesale and retail markets. In Sydney, the current Fish Market is a grotty assemblage of small warehouses in what's now a prime waterfront location of the city that has become an unlikely tourist attraction, but still serves the wholesale market. They're building a new one right next to it that looks far nicer, leaves tourists much less a…

Indeed. The central Sydney locality of Haymarket is that in name only. Same for Wheat Road and The Goods Line. Wholesale fresh produce has all been in Homebush / Flemington for years now, barely accessible to anyone without a semi-trailer and the willingness to purchase a truckload. Shipping also long gone from the central spots of Walsh Bay / Barangaroo / Darling Harbour, all now relegated to Container City aka Port Botany.

Re: London's 850-year-old food markets to close

#74

Post by metaphor »

walterbell wrote: post #61
sdwr wrote: post #41

Earlier quoted context omitted.

"Preserving the irreplaceable value of ..." works great as a personal motivation or a mission statement, but terribly as an explicit rule. It's the same problem as carbon offsets - if there's a formula for converting intangible values into cold hard cash, people will exploit the definition of the intangibles to make money.

Which legal and financial instruments have defended the City of London itself from being auctioned for parts? Subsets of culture are preserved, packetized & traded daily. Even StubHub has a "food festival" category.

Before learning that this[1] was a thing, I honestly would have interpreted your remark in passing as figurative rhetoric.

[1] https://en.wikipedia.org/wiki/London_Bridge_(Lake_Havasu_Cit...

Re: London's 850-year-old food markets to close

#75

Post by nothercastle »

mikeyouse wrote: post #37
Sabinus wrote: post #28

Earlier quoted context omitted.

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.

The general phenomenon is well known to those who study this kind of thing, but yep, building housing of any price helps reduce costs overall: https://en.m.wikipedia.org/wiki/Filtering_(housing)

Depends on if people live in it or buy as an investment and leave it vacant or air bb as often happens in London

Re: London's 850-year-old food markets to close

#79

Post by cactusfrog »

walterbell wrote: post #8

Need a City quant PhD to invent a mathematical analog of Black-Scholes [1] for pricing and trading the irreplaceable value of culturally significant physical spaces to future generations. Then City-like [2] institutions can compete financially for ongoing preservation rights, rather than a one-time chop shop auction. [1] https://en.wikipedia.org/wiki/Black%E2%80%93Scholes_model [2] https://en.wikipedia.org/wiki/City_…

This is a gamblers ruin problem action.

Re: London's 850-year-old food markets to close

#80

Post by mikeyouse »

nothercastle wrote: post #75
mikeyouse wrote: post #37

Earlier quoted context omitted.

The general phenomenon is well known to those who study this kind of thing, but yep, building housing of any price helps reduce costs overall: https://en.m.wikipedia.org/wiki/Filtering_(housing)

Depends on if people live in it or buy as an investment and leave it vacant or air bb as often happens in London

Not really since those people would otherwise some different existing property to do the same thing with.
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