Just four months after winning the 2017 Stirling Prize, the UK’s top honor for architecture, dRMM’s Hastings Pier is now up for sale, as the charity that owned and operated the structure was declared insolvent for failing to reach self-funding status. The Hastings Pier Trust announced that they had been unable to raise the £800,000 ($1.1 million USD) per year required to keep the Pier running, as outlined by their three-year business plan developed in partnership with the Heritage Lottery Fund, Hastings Borough Council and East Sussex County Council. The Trust had hoped to capitalize on the Pier’s design recognitions to make the structure self-supporting as an events venue and visitor attraction. The Pier is now listed for sale by British independent commercial property agency GVA, though it has not put a price on the structure, as they recognized the unique structure would be likely to fetch a wide range of offers based on the purchaser’s long-term vision for its use. The project, a renovation of the fire-destroyed original pier, had cost £14.2 million ($19.8 million) and was completed in 2016.
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