Dublin tourism attraction The Vaults Live is to shut its doors after just over a year in business, staff were informed on Friday.
The Lagan family, who are the main shareholders, are to pull the plug on the interactive venue after a bid to bring in a new shareholder failed last week. Staff - including more than 20 actors - were told of the development on Friday and are to receive formal emails explaining the closure tomorrow.
The €5.3m walk-through venue combined live performances and special effects to tell a series of stories about the history of Dublin, featuring characters such as Bram Stoker and Molly Malone.
The tourism venture was originally conceived and financed by broadcaster and entrepreneur Paul Blanchfield and Gerald Heffernan, a former independent producer who founded Irish production company Frontier Films.
The backers had envisaged that the Dublin 8 venue would ultimately attract up to 450,000 visitors a year but the crowds failed to materialise.