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Debt burden music venue closes Debt burden music venue closes
(about 6 hours later)
A music venue which had to spend £50,000 on soundproofing after noise complaints from neighbours has closed.A music venue which had to spend £50,000 on soundproofing after noise complaints from neighbours has closed.
Owners of The Point in Cardiff Bay, also blamed lack of revenue while work was done, and trading conditions for forcing into voluntary liquidation. Owners of The Point in Cardiff Bay, also blamed lack of revenue while work was done, and trading conditions for forcing it into voluntary liquidation.
Acts which have played at the converted church range from Franz Ferdinand, Richard Thompson to Dr John.Acts which have played at the converted church range from Franz Ferdinand, Richard Thompson to Dr John.
Past Welsh performers include Feeder, Stereophonics and Super Furry Animals. The venue said it was a "very sad day".Past Welsh performers include Feeder, Stereophonics and Super Furry Animals. The venue said it was a "very sad day".
A statement on the venue's website said: "A number of factors have contributed to this situation.A statement on the venue's website said: "A number of factors have contributed to this situation.
"Many of you will be aware that during 2008 we began receiving noise complaints from one or two neighbours that had moved into the new apartments that have been built next to the venue."Many of you will be aware that during 2008 we began receiving noise complaints from one or two neighbours that had moved into the new apartments that have been built next to the venue.
"After some difficult negotiations with the Cardiff Council we undertook a huge amount of work to soundproof the venue in an attempt to secure its future."After some difficult negotiations with the Cardiff Council we undertook a huge amount of work to soundproof the venue in an attempt to secure its future.
'Magical venue''Magical venue'
"While that has largely been successful, the burden of the debt that we took on, together with greater restrictions in our banking facilities and more difficult trading conditions in the last few months, as well as the loss of revenue whilst the refurbishment works were undertaken, has meant we are unable to meet our current liabilities and have been left with no option but to seek voluntary liquidation."While that has largely been successful, the burden of the debt that we took on, together with greater restrictions in our banking facilities and more difficult trading conditions in the last few months, as well as the loss of revenue whilst the refurbishment works were undertaken, has meant we are unable to meet our current liabilities and have been left with no option but to seek voluntary liquidation.
"Many people have put their heart and soul in turning The Point into the magical venue that it is and we have received huge and loyal support over the years from fans and bands alike."Many people have put their heart and soul in turning The Point into the magical venue that it is and we have received huge and loyal support over the years from fans and bands alike.
"We would like to take this opportunity to thank you all for that support. It is a very sad day for us and for the live music scene in Cardiff.""We would like to take this opportunity to thank you all for that support. It is a very sad day for us and for the live music scene in Cardiff."
The Point was built in 1900 and later named St Stephen's church. It was also a theatre after its conversion.The Point was built in 1900 and later named St Stephen's church. It was also a theatre after its conversion.
An online petition was organised against the possible closure threatened by the row over noise.An online petition was organised against the possible closure threatened by the row over noise.
Acts including John Cooper Clarke, Goldie Lookin Chain and Nearly Dan had been booked for the coming weeks.Acts including John Cooper Clarke, Goldie Lookin Chain and Nearly Dan had been booked for the coming weeks.
The venue said people who had bought tickets for forthcoming shows should seek compensation from their credit card company.The venue said people who had bought tickets for forthcoming shows should seek compensation from their credit card company.