BUSINESS

Tourist attraction firm expected to miss next council loan deadline

The company behind Brighton’s 450-foot tall seafront attraction is expected to miss its next loan payment to Brighton & Hove City Council.

By Marie De Vere | 24 March 2020

The company behind Brighton's 450-foot tall seafront attraction is expected to miss its next loan payment to Brighton & Hove City Council.

Brighton & Hove stepped in to help fund the construction of the i360 steel tower in 2014 when private investors pulled out but visitor figures since it opened in 2016 have been disappointing, significantly affecting revenue.

Popular articles by Marie De Vere

  1. Coronavirus fraud warning
  2. Make payments to suppliers quickly, councils told
  3. Firms say government needs to do more

SUBSCRIBE TO CONTINUE READING

Get unlimited access to The MJ with a subscription, plus a weekly copy of The MJ magazine sent directly to you door and inbox.

Subscribe

Full website content includes additional, exclusive commentary and analysis on the issues affecting local government.

Login

Already a subscriber?

Popular articles by Marie De Vere

  1. Coronavirus fraud warning
  2. Make payments to suppliers quickly, councils told
  3. Firms say government needs to do more
footer-logo

©2024 Hemming Group Limited.

©2024 Hemming Group Limited.