Melbourne Star, the giant observation wheel at Docklands, has permanently closed after featuring in the city’s skyline for 15 years.
MB Star Properties Pty Ltd, the landmarks operating company, revealed it would be placed into liquidation on Monday.
“It is with a heavy heart that the directors of Melbourne Star, Melbourne’s giant observation wheel at Docklands, today announce the iconic attraction will close permanently,” the company said in a statement.
“The directors of the wheel are absolutely committed to doing the right thing by our dedicated team and have made arrangements to ensure all our employees will be paid their full entitlements.”
Andrew Hewitt of Grant Thornton has been appointed liquidator and will begin work this week.
The giant observation wheel has welcomed more than 300,000 visitors every year, with international and interstate tourists making up 45 per cent of the business.
“Unfortunately, the global COVID-19 pandemic and subsequent travel restrictions and sustained shutdowns, adding to pre-existing challenges of operating amid increased high-rise development and changes in the Docklands area, has made it impossible to sustain the business,” MB Star Properties said.
“We thank our staff, and all Victorians including our partners, suppliers and supporters for enabling the Melbourne Star to provide a world-class experience for millions of people from around Australia and the world.”
Featured image source: Facebook/Melbourne Star Observation Wheel