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

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,

The attraction will remain open while other possible avenues are explored, but the council expects it to go into administration in the near future.

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.

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,