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Capitol Records To Get Unwanted Neighbor
After arguing that a proposed condo and office tower's construction would interfere, as well as ambient noise once its parking garage is completed, with the quality of sound in their underground recording studio, Los Angeles City Council allowed the development to go through today.
On Wednesday, Capitol Records, in a statement, said "if the City Council votes to approve Second Street Ventures' proposal, we may be forced to shut down the Capitol Studios operations entirely and permanently, resulting in the loss of potentially hundreds of jobs and wages and an estimated $14.2 million in annual revenues that the Studios generate for the Hollywood economy directly and indirectly from film, television and music businesses. We urge the City Council to reject this proposal."
Second Street Ventures says that stipulations such as a "thick neoprene foam liner," among others, will be suffice and will not adversely affect the studio.
This is the second time in recent memory that Capitol Records has threatened to move out. In 2006, the company wanted to sell the building to make way for condos. Looks like that could happen after all.
Photo by Omar Omar via Flickr
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