TWO men behind the company which ran the collapsed Treasure Island tourist attraction in Eastbourne are now at the helm of developers wanting to build the Brighton Wheel.
Grahame Clevely and Jeffrey Sanders were directors of London-based Coasta Ltd which went into voluntary liquidation in March owing Eastbourne Borough Council thousands of pounds in rent. According to Companies House, the two men are now directors of Paramount Attractions, the firm which plans to build a 45-metre high ride on Brighton seafront. The company has been given the green light to set up the £6 million attraction by councillors in time for the third week of July. Karen Howkins, a director at Paramount Attractions, said Treasure Island was a victim of the recession.
She said, “Paramount, the company behind the Brighton Wheel, is a completely different entity to Coasta Ltd. Paramount has secured full private funding of £6 million and Brighton and Hove City Council is satisfied the funding is in place. The Brighton and Hove business and local community are overwhelmingly in support of this new attraction, which will create at least 30 new full time jobs and provide an welcome boost to existing tourist related businesses.”
A spokesperson for Brighton and Hove City Council said this week officers were aware of the problems with Treasure Island and said the deal has measures in place to cover any problems.