A lot of pubs in Britain outside of urban centers are in crisis. The Brits are staying home and going online. One solution might be the pub as local cooperative and multi-use venue.
In November 2012, the Golden Ball Cooperative Ltd took over the lease at The Golden Ball pub on the corner of Cromwell Road and Victor Street in Bishophill, York.
About 180 investors have raised more than £75,000 by investing £400 each in shares in return for a say in the pub’s running and an annual dividend of up to five per cent.
[Investors include] ex-pats living as far away as India, China, Peru and Norway who had decided to get involved.
The pub, which is Grade II listed, is regarded as having the most complete inter-war layout of any pub in York, having been remodelled in 1929 by John Smith’s and left virtually unchanged since then.
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