Brighton's debt-hit i360 files for administration
The i360 viewing pod in Brighton has filed for administration, leaving the future of the seafront tourist attraction uncertain. Brighton i360 Ltd remains £51m in debt to Brighton & Hove City Council, according to the authority.
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, have announced the notification of administrators,
Marks Barfield’s Brighton i360 to enter administration
The 162m-tall ‘vertical pier’ opened on Brighton’s beachfront in 2016. It was built and operated by Brighton I-360 Limited, which is chaired by Marks Barfield co-founder Julia Barfield. However, the company has struggled with loan repayments since June 2018, when the council first agreed to defer a repayment date.
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 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
Iconic seaside attraction could close because it owes £51,000,000 to council
The total amount owed to the council at the start of this month was a staggering £51million, while the actual loss to the council stands at £32million for its loan debt and interest repayable to the Government, the council said.
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 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.
'Sad and surprised': Residents react to i360 insolvency
Brighton residents say the i360 heading towards administration is sad for the city – but many are not surprised.
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 ...
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'Brighton i360 insolvency a body blow for seafront'
A rejuvenated i360 might be the right thing for the area. Or, something new could refresh the site and bring more people to those vibrant Brighton businesses. Brighton can recover from this body ...