How is the Risk Value arrived at?
This value has been arrived at by assessing a rating of 0-3 according to the number of high medium or low levels of risk according to the following criteria:
- Threat through sale or change of ownership
- Difficulties in obtaining capital or revenue funding
- Poor quality of operation threatening the continuing or future theatre use of the building
- High cost of maintenance or refurbishment works
- Local development adversely affecting access to the theatre or restricting future expansion / improvements
- Threat of demolition
- Alteration to another use—particularly where this involves a Change of Use Class
- Threat to the building fabric, e.g. decay of a building not in use or the removal of significant features
- Threat to the theatre fabric, i.e. irreversible works which may prevent a return to theatre use, or damage to (or removal of) specifically theatrical materials.
A further ‘Star Rating’ of 0-3 is also applied which makes a qualitative judgement on the importance in terms of its:
- Theatrical quality—for example excellent sightlines, acoustics, warmth, facilities
- Architectural quality
- Historical significance
- Uniqueness—in relation to the provision of working theatres within the locality.
The risk rating and the star rating are added together to give the total ‘Risk Value’.