Shoreditch – too trendy for its own good?Posted: November 17, 2000
A report in this week’s Hackney Gazette says that Brick Lane Music Hall looks likely to be shut down. The reason ? Spiralling rents. As reported on this site months ago, rents are rising so quickly that local businesses are finding it impossible to stay open.
Vincent Hayes, the owner of the music hall, states “When I came here, Shoreditch wasn’t very fashionable and it was very working class. Now it has become trendy and all the traders have been pushed out. The music hall faces the same fate – and the irony is that it has done a lot to change the area and make it an appealing place for people to come. This is the only theatre like this in Britain and where will the working classes go for a night out if we have to close down ?”
As the IWCA has stressed in the past, the gentrification of Shoreditch is heading on apace and local people are being priced out of their own community. The influx of trendy types into Hoxton and south Hackney does no good for working class communities. They won’t be spending their money in locally owned businesses and how many of the new businesses moving into the area actually employ people from the nearby estates ? It’s all part of a process of “social cleansing” that involves housing too.
Under the New Deal, several blocks are being targetted for the introduction of market rents. Charles Gardner and Aske House, both conveniently placed on the edge of the city, are already set for “pepper pot” renting of a significant percentage of their flats. Take a look at the market rents in letting agencies around Old Street and you’ll see that not many working class people are likely to be able to afford the £250+ weekly rents that are advertised.