Looking forward to it being completed. That part of the seafront needs something there in particular to regenerate preston Street which has gone to pot since I moved here nearly 20years ago.
It's for tourists, not locals. I think it's the sort of thing that will end up on the to do list of many who visit the UK's busiest seaside resort. The loan is not out of existing council funds, but from a separate government scheme designed to help fund revenue generating projects. If there were no i-360 there would be no extra money for council services or projects, there would just be no i-360.
FWIW I wish they could have restored the old West Pier to it's former glory with a ballroom and restaurant. IIRC that opportunity was blown when the West Pier trust got too arsey about some of the enabling developments that would have helped raise money to supplement the Heritage Fund money that was on the table (I stand to be corrected on this but this is how I remember it anyway).
#blamehotchilidog