17 Feb 2008
Haçienda investment opportunities 
It would appear that the Haçienda still retains the capacity to lose money.

According to Miles Brignall in The Guardian, such is the state of negative equity in the Manchester City Centre new-build market that "professional investors [are] clamouring to get out of properties in a desperate attempt to cap their losses".

This exodus is causing a significant drop in the values of the thousands of apartments ('flats for tw@ts' as one piece of Hulme graffitti puts it) that have been, and are still being built, as part of Manchester's 'new urban renaissance'.

"At the landmark development, The Haçienda, flat 213 is being offered for sale for GBP 205,000. The same apartment was bought for GBP 261,000 in April 2004."

The same apartment was initially sold by the developers Crosby Homes ("You can see the Haçienda - it does exist") at GBP 236,000 as new in 2002.

As the original marketing brochure put it: "now the party's over'.

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Biting Tongues

In the grey days of late 1970s post-punk Manchester, youth culture was a serious affair: every musical performance was measured mostly by the conviction of its delivery. The term 'New Wave' opened up free vistas where acquired skills could once again be exercised after punk's monochrome blur. It could be applied to anything from a James 'Blood' Ulmer record to the latest Throbbing Gristle release, Magazine to Swell Maps. Move outside that terrain into Sun Ra, Parliament, Frank Sinatra and Martin Denny, and your options were suddenly without limit...

Then came Tony Wilson's Factory Club (at the Russell Club in Hulme) offering an open invitation to experiment that was taken up when Ken Hollings, Howard Walmsley, Eddie Sherwood and a few others decided to make some noise to accompany their 16mm silent epic Biting Tongues. A further performance followed a few weeks later, when Colin Seddon and Graham Massey disbanded their Post Natals project and joined up. The film itself, a flashing series of negative images, became a memory; the name remained.

- extract from the LTM Biting Tongues biography

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