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Announcement on the future of Wytham Abbey — EA Forum

forum.effectivealtruism.org · 702 words · saved by 1 readers

The Wytham Abbey Project is closing. After input from the Abbey’s major donors, the EV board took a decision to sell the property. This project’s runway will run out at the end of April. After this time, the project will cease operations, and EV UK will oversee the sale of the property. The Wytham Abbey team have been good custodians of the venue during the time they ran this project, and EV UK will continue to look after this property as we prepare to sell. The proceeds of the sale, after the cost of sale is covered, will be allocated to high-impact charities. [Edit: 3rd May] Since this announcement, we have decided that we will use some of the proceeds on Effective Venture's general costs. I consider EV to be a high-impact charity. A statement from the Wytham Project can be found here. My understanding (based on talking to people involved in Wytham and knowing the economics of renting and buying large venues in a lot of detail) is that the sale of Wytham (edit: as done here, where

Habryka [Deactivated] 2y 94 27 30 My understanding (based on talking to people involved in Wytham and knowing the economics of renting and buying large venues in a lot of detail) is that the sale of Wytham (edit: as done here, where the venue will either be sold at a very large discount or lie empty for a long period of time) does not actually make any economic sense for EV in terms of its mission to do as much good as possible. It is plausible that the initial purchase was a mistake, and that it makes sense to set plans in motion to sell the venue, but my understanding is that it will likely

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