London's £3.5 billion theme park project nears collapse due to legal disputes and financial issues.

The ambitious £3.5 billion London Resort theme park project faces collapse after a legal dispute between London Resort Company Holdings (LRCH) and Paramount Pictures. The High Court has ruled that LRCH breached its Company Voluntary Agreement (CVA), leading to the termination of the agreement and casting doubt on the park's future. Environmental concerns and financial issues, including LRCH's mounting debt and the site's designation as a Site of Special Scientific Interest, have further hindered the project. The outcome of upcoming High Court hearings will determine the theme park's fate.

3 months ago
7 Articles