New hotel promises jobs

Coal Exchange; Photo: CNP

Coal Exchange; Photo: CNP

Cardiff’s historic Coal Exchange Building in Butetown will be redeveloped into a luxury hotel to bring 100 jobs and apprentices to one of the poorest neighbourhoods in the UK.  

A heritage to Cardiff and Wales, the Coal Exchange Building in Cardiff Bay was closed  in 1958 after the decline of Cardiff’s coal industry.  Ever since then it has been used for concerts and other events.  Now, a company called ‘ Signature Living’, plans to redevelop the building into a luxury hotel targeted at the wedding market. That plan caused a dispute.

Slogans outside building ; Photo:CNP

Slogans outside building ; Photo:CNP

Many people want to keep the building and worry that its renovation would ruin its history.

‘ The building represents where the Welsh come from,’ said Elaine Davey, the chair of the Victorian Society. ‘It’s a symbolic building and Cardiff wouldn’t be a capital city without it.’

Butetown ; Photo:CNP

Butetown ; Photo:CNP

Despite the concerns, some local people welcome the plan to make the building a hotel. ‘I’m happy that this is going to bring some jobs to the community because there is a lot of unemployment in the area’, said Ali Abid a resident of Butetown.

A private enterprise group called ‘Save the Coal Exchange Campaign’ is targeted to save the building. Saving has different means to achieve it. David Jonathan, a member of Save the Coal Exchange but is nor disapprove the plan because ‘ the plan is to maintain the integrity of the building as a whole.’

The final decision is still in discussion between the councilors and Signature Living.

Lawrence Kenwright Talks About Signature Living Plans for the Coal Exchange in Cardiff from Signature Living Group on Vimeo.

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