Lighthouse may close its doors
August 24 2009
Confidence in the board to deliver a successful business model is said to have evaporated following a £250k loan from Glasgow City Council last year. That earlier close call has not resulted in sufficient cost savings to guarantee a future, even in a streamlined form.
Debts at the architecture centre have hit £220k and are likely to be honoured by Glasgow City Council, crucially however no follow on rescue package is in the offing.
A meeting of the Lighthouse board of directors is scheduled for this evening.
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