Venues will need £580,000 subsidy

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THE costs to St Edmundsbury Tax Payers for running three public buildings next year is estimated to be £580,000 a council report reveals.

The estimate for the subsidy for running The Apex, Athenaeum and the Corn Exchange, all in Bury St Edmunds, comes despite predictions that the first two buildings will see a £51,000 increase to their income.

The Corn Exchange is subject to a planning application by Wetherspoons.

The report by St Edmundsbury Borough Council’s venue director Tony Doherty, said the subsidy required could be cut by £80,000 when a new tenant moves into that building.

Meanwhile, Mr Doherty said The Apex was performing well with 9,286 tickets sold during its first three months, 22 per cent of its annual target. “The auditorium has been met with tremendous acclaim from the public and from artists,” Mr Doherty said. “It is proving to be a complete triumph.”

The Apex, he said, was on target to deliver a £27,000 under spend this financial year, largely due to the fact it opened in October a month later than budgeted. Events have transferred from the Corn Exchange to The Apex and the knock on effect of the delayed opening means the Corn Exchange will come in £7,000 over budget.

The Athenaeum, meanwhile, is on schedule to come in £28,000 under budget, despite offering discount rates to wedding parties because of scaffolding which has been up since August.