The musician who spearheaded the charge to save Nashville’s historic RCA Studio A tweeted today that he’s moving out of the facility later this year.
— benjamin folds (@BenFolds) August 1, 2014
In addition to using it as his own work space, Ben Folds runs a business renting out studio time to other musicians interested in recording there.
Last week, a Brentwood developer took ownership of the 50-year old building. Folds’ manager, Mike Kopp, says word came Thursday night that rent is going up 124% when the current lease expires in November. For a business that Kopp says only breaks even, that kind of hike just isn’t in the budget.
“He clearly wants Ben Folds out of this space and he wants to make the situation, create a situation where nobody can afford to come in here and record music.”
A press release from the newly organized Music Industry Coalition says multiple other tenants in the building plan also to move rather than pay the higher rent.
The letter sent to Folds by attorneys for Bravo Development says the increase is necessary to cover the cost of upkeep and bring the rent into line with other rates around the Music Row neighborhood.
Both the previous owner and the new one, Bravo’s Tim Reynolds, have characterized the structure as being out of date and in need of significant repairs. While Reynolds had indicated he wouldn’t buy the building unless he could find a way of saving the recording studio, he now says it’s listed for resale with hopes of finding an out of state buyer.