The London
Eye, also known as Millennium Wheel, finished in 1999 and opened the public in
March, 2000, was the major treadmill - viewing-point of the world up to the
opening of Nanchang's Star in May, 2006. The London Eye Jubilee Gardens reaches
a height of 135 m on the western end of, in the South Bank of the Thames,
Lambeth's London district, between the bridges of Westminster and Hungerford.
The treadmill is together with the County Hall and opposite to the offices of
the Defense Department.
There was a
financial polemic:
On May 25,
the mayor of London Ken Livingstone promised that the attraction would remain
in London, asking also that if the conflict was not solved would use his power
to request the London Development Agency who was executing an order of
obligatory purchase. The Southbank Centre and the London Eye signed a contract
of lease for 25 years on February 8, 2006, after a judicial review on the
dispute for the rent. The agreement of rent was meaning that the Southbank
Centre, a charitable organization publicly financed, would receive at least
500,000 £ annual of the attraction, that in turn assured his medium-term
situation.
Tussauds
also Marks Barfield announced the acquisition of other two thirds in British
Airways's hands and the family, as well as the assumption of the debt with the
first one. These agreements granted 100 % of the London Eye to Tussauds and
solved the problem of the debt of the original financing for the construction
of the treadmill, which British Airways had estimated in more than 150 millions
of £ in 2005 and had gone 25 % per year being increased. It was inaugurated on
December 31, 1999, though it was opened for the public newly on March 3, 2000.
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