Decision - Brighton i360 - Decision on Future (Exempt Category 3)
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Decision details
Brighton i360 - Decision on Future (Exempt Category 3)
Decision Maker: Cabinet
Decision status: Recommendations Approved
Is Key decision?: Yes
Is subject to call in?: No
Purpose:
This report updates Cabinet on the decision of
the board of Brighton i360 Limited to file for administration, the
work done by the administrators to seek a sale of Brighton
i360’s business and assets to new owners through an
administration process. It is recommended the council agree to the
release of its security on the debt owed to the council by Brighton
i360.
Decisions:
As per the Part One minutes.
Report author: Max Woodford
Publication date: 24/01/2025
Date of decision: 23/01/2025
Decided at meeting: 23/01/2025 - Cabinet