footfall when it became apparent the Scenic Railway would not work for a second summer season. In August 2016, the CEO of Dreamland, Eddie Kemsley, resigned. A creditors' meeting held in August 2016 revealed that creditors were owed £8.34m, with Sands Heritage having an overall balance sheet shortfall of £14m (£10m of which reflected the investment made by Sands Heritage themselves). An auditors' report to Thanet District Council in December that year revealed that several of these creditors were small local businesses with little hope of any repayment. The administrators initially expressed their hope that Dreamland as a business could be sold as a going concern in March 2017, after the 2016 summer season. However, this was rendered improbable by their half-yearly report to creditors (December 2015 to June 2016) when they revealed that operating losses during the period were over £1m or about £41 000 per week. They warned that losses were continuing, factors cited being bad weather in early summer and the failure of the Scenic Railway in mid-June. The Scenic Railway had been restored by Thanet District Council following the arson attack. Unfortunately the right knowledge and expertise had not been available when it was rebuilt, and so it failed a safety test in June 2017. The ride is powered by cable haulage, nowadays a rare form of traction worldwide, and the wrong sort of cables was specified. When TDC tried to rectify the matter after the failure, it found that the skills concerned were so specialist that they were rare worldwide and sourcing them was only successful after the summer season was over. The administrators indicated their intention to seek compensation for the failure. Second relaunch Arrowgrass covered the operating losses for the summer season of 2016 with a further loan of £1m, secured on the premises of 49–51 Marine Terrace. This was a former pub owned freehold by Sands Leisure (not part of the TDC lease), which had been called the Cinque Ports Arms before the later 20th century. An extension of the administration period was sought, and granted. Then it was announced that the investment company had increased its lending to just under £10m, to allow for a re-vamp of the business. In February 2017 it was reported that a £25m private investment from Arrowgrass had been obtained. The new loan was used to re-landscape the site and to add some new rides, with