Published: 21 August, 2015
by TOM FOOT
CAMPAIGNERS fighting to maintain the future of a famous music heritage street have warned that independent firms may not be able to afford to stay once a major redevelopment takes place.
Denmark Street, known as “Tin Pan Alley”, was the heart-beat of British rock music culture in the 1970s and 1980s and is famed for its cluster of music shops and former recording studios that drew massive bands such as the Sex Pistols and Rolling Stones.
Camden Council has created a clause in the deal with the developer that it says will ensure many music businesses can get first dibs on new shops after the street is redeveloped to make way for the multi-billion pound Crossrail railway.
But campaigner Henry Scott-Irvine said: “We want the rents frozen at the current rate and tied in to inflation only. We are concerned that the music businesses will be paying market rents and will not be able to afford to stay there.”
Denmark Street, Denmark Place and St Giles High Street is due to reopen in 2018 when the Crossrail works are finished.
A council spokesman said: “All existing tenants will be offered a minimum three-year lease on their premises at a market rent for music-related uses in the local area.”