The Alhambra was an entertainment complex in Blackpool, Lancashire, England, from 18991903. A financial disaster, the building was bought by the Blackpool Tower Company and reopened in 1904 as the Palace. The building was demolished in 1961 to make way for Lewis's department store.
Does this next sentence follow, given the preceding text?
The Alhambra was a complete failure.

Options are:
(i). Yes;
(ii). It's impossible to say;
(iii). No;
(i).