Brighton's i360 appoints administrators over £51m debt
Brighton i360 Ltd remains £51m in debt to Brighton & Hove City Council, according to the authority. Julia Barfield, chair of Brighton i360 Ltd, said the decision was a direct res
Brighton seaside attraction files for insolvency amid £51m debt to council
A seaside attraction which owes £51 million to a council that helped set it up faces “real risk of closure” as it files for insolvency. Bosses of Brighton seafront’s observation tower, Brighton i360,
Iconic seaside tourist attraction loved by millions faces being TORN DOWN as debts spiral to £51million
AN ICONIC seaside attraction could soon be torn down as it faces crippling £51million debts. Bosses of Brighton seafront’s observation tower, Brighton i360 have pointed to eye-watering
Disaster for UK seaside town as huge attraction faces closure over £51m debt
The attraction will remain open while other possible avenues are explored, but the council expects it to go into administration in the near future.
Brighton’s Seaside Viewing Tower at Risk of Closing Over Debts
The owner of an English coastal tourist attraction designed by the architects of the London Eye is racing to find a rescue buyer to avoid closing, after defaulting on £50 million ($63 million) of debt.
Brighton i360 to file for administration owing taxpayers £51 million
The company which owns Brighton's landmark observation tower is expected to file for administration. The i360 was opened by the Duke of Edinburgh in 2016. | ITV News Meridian
Tourist attraction files for insolvency amid multi million pound debt to council
Our council must now repay their folly amounting to over £2m each year for the foreseeable future – money that could’ve been spent on nurseries, play areas, public toilets, preventing homelessness, road repairs,
Brighton i360 files for insolvency – landmark could be torn down
The Brighton i360 is heading into administration and could be torn down if a buyer cannot be found. Court filings from Brighton i360 Ltd confirmed that the owners of the towering seafront landmark would be filing for insolvency – still owing the council £51 million council debts with it.
Brighton i360: How much will £51 million debt cost the taxpayer?
The Brighton i360’s £50 million debt will cost the taxpayer hundreds of pounds each – and the council will be paying its loan back until 2041.
i360 releases statement after 'difficult decision' to head for administration
Brighton i360’s chairwoman has blamed “escalating costs, unfavourable summer weather and the ongoing cost-of-living crisis” ...
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Brighton i360 looking for new owners
The company behind Brighton’s i360 viewing pod has filed for administration. Brighton i360 Ltd owes £51 million to Brighton & ...
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Brighton i360: Green MP Sian Berry reacts to insolvency
Green MP Sian Berry said she did not want to see the Brighton i360 taken down after it began its journey towards administration, adding the goal ...