Tivoli World Amusement Park in Costa del Sol Goes into Administration

View of Tivoli World Credit: Aapo Haapanen flickr

TIVOLI WORLD amusement park, in Benalmadena which was opened in 1972, has been troubled with financial problems for some time and has now been placed into Administration.

Administrators have been called in to run the park which was owned by the International Company of Park and Attractions SA (Cipasa).

Research will now be undertaken to decide whether the business has a viable future or whether it should be liquidated and creditors satisfied with whatever funds are available.

There have been ongoing court battles over ownership of the grounds on which Tivoli is sited, but this should not affect the work of the Administrator who is quoted as saying that the main creditors appear to be the Treasury and Social Security who may be owed as much as much as €10 million according to Spanish press reports.

Although somewhat down at heel, Tivoli World remains an important tourist attraction and comment from Benalmadena Council is awaited.

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Written by

John Smith

Married to Ophelia in Gibraltar in 1978, John has spent much of his life travelling on security print and minting business and visited every continent except Antarctica. Having retired several years ago, the couple moved to their house in Estepona and John became a regular news writer for the EWN Media Group taking particular interest in Finance, Gibraltar and Costa del Sol Social Scene. Share your story with us by emailing [email protected], by calling +34 951 38 61 61 or by messaging our Facebook page www.facebook.com/EuroWeeklyNews


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