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@Graeme_
just to wade in ,
seems like to me its group of people who feel the need to belong to something as there lives are boring,
as for the whole area thing, while perhaps i'm a tad to young to have seen it 8 year ago, i have to agree with everyone that things go in cycles. my old work was based in shorditch from 98-03 and had it as they got it cheep, it was cheep cos no one wanted to be there. thats why is became artys as artist have no money, artist make it cool it becomes expensive, the artist leve and then its just rich, then its redeveloped, and eventually fails and the whole process starts all over again.
as for the foundy itself all i here is the same arguments you here anytime a ''arts'' venue closes (or bar) is that people love it and don't want it to go, yet they never really went that often. on top of this the freeholder gets an offer for development, why would he say no? i wouldn't. its just a building, go make foundry 2.0 somewhere else. and as for the ''if it was an arts venue if would have stayed' then be and arts venue, not a bar that puts on art shows