The Melbourne Star observation wheel is facing a multimillion-dollar debt bill after it was forced to close, becoming the latest high-profile casualty of the COVID-19 pandemic.
MB Star Properties Pty Ltd announced earlier this month the company was going into liquidation because travel restrictions and lockdowns had exacerbated financial struggles and made it impossible to sustain the business.
The Melbourne Star wheels location has long been controversial, with many critical of views that were crowded by residential skyscrapers.Credit:Eddie Jim
A creditors report filed with the Australian Securities and Investments Commission on Monday shows the tourist site that has become a feature of Melbournes city skyline has racked up more t…
Read the full article at: https://www.theage.com.au/national/victoria/melbourne-star-faces-3-9m-liquidation-debt-bill-20210921-p58te0.html
