I have blogged before about Jess and the campaign to turn Hastings Pier into a co-operative enterprise.
Well, last night Hastings Borough Council formally started the compulsory purchase order process that should lead to the transfer of ownership of Hastings Pier to local people.
It will take £8m for the first phase of development but the local development trust is positive it can be done. One route is to make a community share issue – it is one of ten pilots that are meeting up at our event on this with DTA on Thursday at Coin Street Community Builders in London.
When I was young, Brighton pier was sold for a pound and as a lad, I’d walk past it on the sea front, jangling the silver and coppers in my pocket hopefully. It was sold to private companies and no good came of it.
£1 or £8 million, it is time to give community ownership a go.