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.’

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