The Picture Palace has not been operating as a pub since 2017. Myself I rather doubt whether the pub market is changing in such a way that pubs like that are becoming increasing unviable. The Elmwood closed and was redeveloped some years ago; the Royal Oak has struggled a bit but hopefully will work better as a gastropub. It is interesting that Wetherspoons are offering to send the Council information about how their efforts to run the Picture Palace just didn't work. I also have the sense that the Green Man rather struggled.
Perhaps the market has just shifted towards pubs like the Royal Oak and restaurants like the Park restaurant.
The Council officers in their report suggest using the Picture Palace as a design/work space for some kind of technology centre, which certainly an interesting idea.
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