TIGHTCHOKE Posted November 27 Report Share Posted November 27 The wonderful white elephant that is the Brighton i360 observation tower is heading towards administration. https://www.bbc.co.uk/news/articles/c4gz186pd6ro Public money was leant by the Green Party who at the time ran the council. It looks like public money was borrowed by the council and leant by the Greens to secure this venture. Now looks like potentially £51 million is owing. Who let these fools run the place? Quote Link to comment Share on other sites More sharing options...
bluesj Posted November 27 Report Share Posted November 27 5 minutes ago, TIGHTCHOKE said: The wonderful white elephant that is the Brighton i360 observation tower is heading towards administration. https://www.bbc.co.uk/news/articles/c4gz186pd6ro Public money was leant by the Green Party who at the time ran the council. It looks like public money was borrowed by the council and leant by the Greens to secure this venture. Now looks like potentially £51 million is owing. Who let these fools run the place? The fools that live there! Quote Link to comment Share on other sites More sharing options...
Jaymo Posted November 27 Report Share Posted November 27 Been on it twice, would be a shame to see it fold if a new buyer cannot be found or some form of restructuring Quote Link to comment Share on other sites More sharing options...
TIGHTCHOKE Posted November 27 Author Report Share Posted November 27 Just now, Jaymo said: Been on it twice, would be a shame to see it fold if a new buyer cannot be found or some form of restructuring Do you really think anyone is going to invest in the white elephant, it loses money exponentially and the council will NOT throw any more at it. Quote Link to comment Share on other sites More sharing options...
Yellow Bear Posted November 27 Report Share Posted November 27 1 minute ago, TIGHTCHOKE said: and the council will NOT throw any more at it. With this lot ----Don't hold your breath Quote Link to comment Share on other sites More sharing options...
ditchman Posted November 27 Report Share Posted November 27 what about all our money lost by the councils investing in the Icelandic Banks...eh Quote Link to comment Share on other sites More sharing options...
Jaymo Posted November 28 Report Share Posted November 28 11 hours ago, TIGHTCHOKE said: Do you really think anyone is going to invest in the white elephant, it loses money exponentially and the council will NOT throw any more at it. Depends on debt write off and forward commitment. It’s the way the Airlines seem to operate. Quote Link to comment Share on other sites More sharing options...
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