Brighton i360 Closes Amid Financial Issues

The Brighton i360 viewing tower has closed immediately due to insolvency, with administrators from Interpath appointed to manage the situation. Brighton & Hove City Council, which invested £36.2 million in the attraction, stated it is owed £51 million and expressed disappointment at the financial disaster it has become. Despite attempts to secure new investment, all offers fell through, leading to the closure just before Christmas. Staff members have reported being informed they would not receive payroll, and meetings will be held to discuss next steps. The council plans an external independent audit to assess the decision-making process surrounding the original investment. The closure highlights significant financial challenges and the impact on local employment and services.