Sunday, 23 Jan 2022

The London Eye

The London Eye A 30 minute trip on the London Eye offers breath-taking views and captures many of London’s most famous landmarks.

However, the 443ft-high Eye has suffered its share of problems prior to, and during, its first year of service.It was dogged by engineering delays early on with attempts to haul it upright in autumn 1999 having to he postponed. The Eye has also been the venue for a number of demonstrations.

The wheel, operated by the London Eye Company, cost £70m to build and last week filed its first report and accounts since it opened for business.The figures show that the attraction, valued at £74m, made an operating profit of £5.46m in the first 10 months it was open but interest charges on loans supplied by British Airways and Tussauds Attractions sent the operation to a pre-tax loss of £8m for the year.

The London Eye has captured the public’s imagination. Since opening, over fifty million visitors have enjoyed unparalleled views over the capital, and it has also made a significant contribution to the regeneration of the South Bank area. David Marks and Julia Barfield not only conceived and designed the wheel, they also took the entrepreneurial approach in establishing the London Eye Company which made it a reality.

The London Eye has captured the public’s imagination. Since opening, over fifty million visitors have enjoyed unparalleled views over the capital, and it has also made a significant contribution to the regeneration of the South Bank area. David Marks and Julia Barfield not only conceived and designed the wheel, they also took the entrepreneurial approach in establishing the London Eye Company which made it a reality.

References:

Images/Pexels

“London Eye – Marks Barfield”. marksbarfield.com. “London’s big wheel birthday”. CNN. 8 March 2001.

Reece, Damian (6 May 2001). “London Eye is turning at a loss”The Daily Telegraph.

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