business / economy
3 hours ago

Court Orders Liquidation of Ambitious UK Disneyland Project at Swanscombe Peninsula

Court Orders Liquidation of Ambitious UK Disneyland Project at Swanscombe Peninsula
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7 Highlights
  • The London Resort's £3.5bn project was ordered to liquidate by the High Court.
  • Financial troubles and creditor deal breaches led LRCH to a winding up order.
  • Plans for a Disneyland rival faced setbacks due to environmental and financial issues.
  • Natural England's 2021 SSSI designation halted the park's development.
  • Paramount Licensing cut ties in 2017, affecting the project's progress.
  • The site was expected to create 30,000 jobs and attract 12 million visitors yearly.
  • Kent Wildlife Trust praised the site's protection for its vital biodiversity.
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