According to reports, the beleaguered home of this year's Bloc festival will go into administration sometime today.
According to FACT, London Pleasure Gardens, the home of last month's ill-fated Bloc festival, is set to go into administration later today.
The info apparently came from someone named Lee Manning at Deloitte, a financial firm that's handling the venue's administration process, who confirmed the news to Alan Haughton at Stop City Airport. It comes one day after Deborah Armstrong, the venue's co-founder and creative director, announced her resignation.
The venue's miserable state of affairs exists in stark contrast with the hopes many people had for London Pleasure Gardens. The site was originally conceived by Meanwhile London as a way to inject life into the city's docklands and supported by Mayor Boris Johnson. Newham Council poured three million pounds to the project and hired a team of experts to make it happen, including the crew behind Glastonbury's popular Shangri-La area. Large-scale events were booked through the end of the year before it even opened, including a massive Cocoon Heroes event in December and the secretsundaze Go Bang! party (which pulled out of the venue yesterday).