William Eichler 28 November 2024

Brighton tower files for administration owing council £51m

Brighton tower files for administration owing council £51m image
Image: Min Jing / Shutterstock.com.

Brighton’s iconic seafront tower, Brighton i360, has filed for insolvency leaving its outstanding £51m debt to the city council unpaid.

Brighton i360 Limited, the company managing the observation tower, said the decision was due to escalating costs, poor summer weather, and the cost-of-living crisis.

Cllr Jacob Taylor, deputy leader and cabinet member for Finance and City Regeneration, said the decision was ‘extremely disappointing’.

‘This leaves a large unpaid amount to the city council, which will have an impact on the overall budget.’

SIGN UP
For your free daily news bulletin
Highways jobs

Residential Assistant

Essex County Council
£25081.00 - £25395.00 per annum
Residential AssistantPermanent, Full Time£25,081 up to £25,395 per annumLocation
Recuriter: Essex County Council

Senior Planning Officer

Durham County Council
Grade 11 £39,513 to £43,693 Grade 12 £42,708 to £46,731 per annum (Pay Award Pending)
Durham County Council is looking for experienced and knowledgeable Senior Planning Officers to join our vibrant Development Management team. Our team Durham
Recuriter: Durham County Council

Head of Service – Social Care

Wrexham County Borough Council
G15 £63,148 - £67,058 per annum
There is an exciting opportunity within Children Social Care to join the senior management team Wrexham (Wrecsam)
Recuriter: Wrexham County Borough Council

Head of Service Social Work & Specialist Support

Blackburn with Darwen Borough Council
Grade M scp 60 £72,118 - scp 64 £77,293
There couldn’t be a more exciting time to join us. Blackburn, Lancashire
Recuriter: Blackburn with Darwen Borough Council

Cafe Assistant - Weald Country Park

Essex County Council
Up to £13.3000 per hour
Café Assistant (Weald Country Park)Contract
Recuriter: Essex County Council
Linkedin Banner