It does still exist. See Suffolk CTC list of venues.
Confess to feeling slightly hurt that people are referring to where-I-live as a dump, when they don't actually live there. Please be more constructive.
I quite like Ipswich and I must say that I was quite surprised that it received the unfavourable comments above. I have very fond memories of the really excellent chess tournaments they used to run at the Corn Exchange/Town Hall, where my kids and some of my other students used to cast fear into the hearts of the opposition. I've also had a pretty good look around the town and it compares favourably to a lot of other towns that I know. It also has a pretty decent cycling infrastructure, although of course that, infamously, was where Annie (f)OTP was hauled over by the Old Bill for having bikes on the back of her car and given an on-the-spot fine. I think it was something to do with brake lights. That was after my first Dunwich Dynamo, so probably 2008. Regulator, Andrij and I were snoozing gently in each other's company at the time. Later in the day, Regulator's tyre exploded very noisily at Ipswich station.
Edit: Warrington Road, Ipswich, was possibly the strongest chess-playing road on the entire planet, given that Nicholas and Richard Pert lived there, as did Kevin O'Connell and the Orton family. One of the Perts won the World under-20 Championship, and Steve Orton and Kevin O'Connell were both very strong players easily County first team standard and quite stellar for a minor county, which Suffolk is from the chess-playing point of view.