Stereo York’s live music venue and nightclub, is to close down after disputes with their landlords.
Organisers say the departure from the Gillygate site became necessary after they failed to come to a satisfactory arrangement with owner of Punch Taverns.
“Some of you may know that we have been trying to buy the freehold of the building for quite some time but negotiations have reached a point where other options are financially better for us”.
“We wanted to make a purchase in order to develop the property and fix the major structural issues that our landlord has not remedied, but that is clearly not going to happen within a price bracket we would be happy with. Discussions have stopped.”
The venue will hold its last gig this evening, and in a statement, the business said it intended to re-open in the New Year at a new location which is yet to be revealed.
“We have been considering other sites for a while now, where outright purchases are possible, thus giving us a building that we can alter as we wish and so create the venue that we want from scratch. The day has come to make that decision.
“Naturally we realise that there will be some unfortunate cancellations of events but we will do our best to help these move in the short term and where possible we will keep as many future bookings as we can to minimise disruption. We apologise for this inconvenience but we have to draw a line somewhere and whichever way we do this there will regrettably be some disappointment.”
Freakin, the popular house music night now uprooted from its traditional home told Vision “we’ve had a great time at Stereo for the last few years”.
“We’re always looked after and thus had a good relationship with everyone there.
“We’re just looking to the future and hoping that York finally gets the independent venue that it needs.”