Mayor Boris writes off £99,000 Peninsula Festival debt
Remember the Peninsula Festival? Greenwich Council wasn’t the only public body stung by the failed event, which was due to run during the Olympics, but closed early and ended up going into administration.
London mayor Boris Johnson has written off a £99,000 debt owed to the Greater London Authority from Peninsula Festival Ltd, the company which was to run the festival.
The bulk of the sum, £84,000, relates to rent due to GLA Land & Property, which owns the freehold to much of the vacant land on the Greenwich peninsula. As well as the music festival on a site next to John Harrison Way, a campsite had also been due to open on plots of land at Peartree Way. Despite a press launch the previous summer, Oranjecamping never opened in Greenwich – relocating to a site in Walthamstow instead.
The remaining £15,000 relates to a street music festival, Rhythm of London, which was supposed to have “entertained crowds during the Olympic Games”.
It appears City Hall came off worse than Greenwich Council, which gave the festival £40,000, but was at least able to move its big screen to Well Hall Pleasaunce, Eltham, when it was clear the event had flopped.
The festival was supposed to have put on concerts and club events during the Olympic period, but never recovered after festival operator Kilimanjaro Live pulled out of the event. A promised beach at Delta Wharf never materialised, and nor did most of the festival bill.
Eight months after the Peninsula Festival’s failure, both of exuberant promoter Frank Dekker’s companies, Peninsula Festival Ltd and Orange Connections Ltd, are in liquidation. Dekker himself is now believed to be working as a project manager for a renewable energy company in Maidenhead.
The main festival site has remained empty, but construction vehicles have now moved in on the area by Greenwich Yacht Club earmarked by Dekker for use as a “campsite business lounge”.