HOPES of bringing decommissioned warship HMS Edinburgh to the Capital as a tourist attraction were dashed today when a feasibility study concluded the move could not be justified economically.
A report by Pricewaterhouse Coopers for the city council said it would cost around £10 million to acquire and restore the vessel and up to £4.87 million a year to operate, but it was likely to bring in only around £1.3 million in revenue.
Campaigners wanted the destroyer to be berthed at Leith, close to HMS Britannia and Lord Provost Donald Wilson was keen to pursue the idea.
The report set out three potential options for the ship; opening it as a standalone visitor attraction, operating it jointly with the Royal Yacht Britannia or incorporating it into a maritime attraction at the port.
But it concluded: “There does not appear to be any reasonable basis by which the public sector could support the project on value for money terms as the economic benefits that might be generated are significantly less than the deficit that might be generated from operations.”