[arista]

[Brighton's i360 tower closes with 109 job losses
as owners go into administration while owing
council £51million]


[financially troubled i360 tower has closed
with immediate effect, with the owners confirming
109 job losses just days before Christmas.

The 162metre observation tower,
which sits on the coastal city's seafront and
was designed by architects of the London Eye,
opened in 2016.

But owners Brighton I360 Ltd, failed
to pay £51million of debt to the local council,
which funded the tower's construction using
money from the government's Public Works
Loan Board in 2014.]


https://www.dailymail.co.uk/news/art...istration.html