Thursday, 5 March 2020
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| Plus ca change |
The Hornets Nest once again appeals to Cllr Elizabeth Campbell to stop using public assets to subsidise Opera Holland Park and Investec. The council is currently making the Budget for the year to April 2021 and Children and the Elderly in the Borough are being starved of resources.
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| INVESTEC BOSS…. LAUGHING ALL THE WAY TO HIS BANK |
At the same time Opera Holland Park occupies a 2000 sq foot Office in Council Premises free of rent and rates.
The Opera also pays nothing for the opera site in Holland Park which is closed to the public for nine months of the year.
Inspection of comparable data suggests that the current subsidy of £500k per year for the free use of these facilities. The Belvedere Restaurant, next door to the Opera site and occupying a similar area, pays £85k per year rates and £170k per year rent to the Council. A 2000 sq foot office in Kensington costs £200k per year in rent and rates.
The Opera is branded “Investec Opera”.
This rich peoples’ bank operates three hospitality tents at the venue and wines and dines clients on a grand scale. Council Tax should not be wasted on the commercial interests of a South African bank.
from The Hornets Nest http://fromthehornetsnest.blogspot.com/2020/03/more-council-tax-subsidy-for-opera.html?
The Dame: MORE COUNCIL TAX SUBSIDY FOR OPERA HOLLAND PARK AND MULTI BILLION $ INVESTEC