The Arches Nightlife in Glasgow announced that it would enter into administration and close down after 25 years of dominating the city's nightlife.
Events at the iconic venue are to be concluded after the 10th June, 2015. The decision was made after a meeting of the Arches Board of Directors in which it was agreed that the club could no longer continue as a successful art and music venue under Glasgow's new licensing laws. Under such laws, the venue saw its late night license cut from 3 AM to Midnight, which unfortunately cut the multi-arts venue's annual turnover by 50%.
Chairman of the Board of Directors, Gordon Kennedy said: " The Board has taken professional advice and is left with no other choice than to begin the process of appointing administrators for both The Arches Theatre Ltd and Arches Retail Ltd."
Kennedy added that this decision was taken with a "deep regret" as it would undoubtedly have a significant impact "on Glasgow's reputation for night time economy."
The unprecedented popularity of the nightclub can be seen by the simple fact that over 40,000 people signed a petition that called for the new licensing laws to be repealed in a desperate attempt to save a venue that had become a enshrined institution in Glasgow's culture. Members of Belle and Sebastian and Franz Ferdinand were quick to add their names to the petition, showing support to a venue that undoubtedly played a role in aiding their rise in the music industry.
Kennedy thanked these signatories, stating that the entire Arches family was "humbled by the hundreds of artists and industry professionals" who had added their names to the ultimately unsuccessful petition.
The Arches offered Glasgow a multi-purpose space in which to celebrate its thriving culture. The venue hosted a number of concerts for some of the biggest bands and artists around, such as Chvrches, Grimes and international superstars Ben E. King and Martha Reeves.
The city seems to have lost one of its greatest institutions; an institution that proved pivotal in shaping Glasgow's diverse nightlife and wonderful culture. The Arches will definitely be missed.