[arista]

[Brighton's iconic i360 observation tower faces closure
over owner's '£51million' debt]

[An iconic tower in Brighton is facing closure
over the owner's £51million debt unless
it can find a rescue buyer.
The Brighton i360 observation tower,
designed by the architects of the London Eye,
opened in 2016 and allows visitors to view
the south coast at a 162 metre height.

But the owners, Brighton I-360 Ltd,
failed to pay £51million of debt
to the local council, which funded the
tower's construction in 2014 using money
from the government's
Public Works Loan Board.


Debts accumulated when the
attraction was hit by a fall
in visitor numbers during the
pandemic, while additional
attractions such as a roller skate rink
have also affected ticket sales.

The company today filed a notice of its
intention to appoint administrators with
the High Court, according to Interpath Advisor,
which is managing the attempted sale.
'The Brighton i360 has become an iconic visitor
attraction, welcoming hundreds of thousands
of visitors each year, but unfortunately is now
at real risk of closing unless a buyer
can be found,' Interpath's Charlie Carter said.

The attraction was designed by architects
David Marks and Julia Barfield, and built on the
site that used to marked the entrance
to Brighton's ruined West Pier,
before it burned down. ]


https://www.dailymail.co.uk/news/art...sure-debt.html