Remember this big Paramount Park project at Alhama de Murcia in Spain that i told you about last month - see HERE ? Well, i'm afraid to say that the project is probably dead as Premursa "the Developer and Promoter behind the Paramount Murcia theme park project - also the President of one of the Investment companies behind the €50 Million development" filed for bankruptcy! Tumbit Spain add that "following yesterday's news, Jesus Samper declined to make any comment to journalists, instead suggesting that they speak with Santa Ana Alicante - the co-investors who had assumed responsibility for the promotion of the development".
In two words, the project is probably dead, it's a pity as it looked interesting but the concept itself is probably copyright Paramount so we might see it appear in others Paramount Park projects. Although the project at Alhama de Murcia received the green light of the city council last month what is happening is not very surprising considering the real estate situation right now in Spain. Good news, though, for DLP as it's also one less European competitor for Disneyland Paris, let's see now if the other Paramount Park project, the one in London will happen or not...
Picture: copyright Paramount parks
Were they going to build everything for 50 million Euros? Did I understand it correctly?
ReplyDeleteI think that this is bad news for DLP, because the less competition they have, less they are "obliged" to build new attractions and shows.
No, it's mistake of the spanish article, Marco, it was certainly not 50m Euros.
ReplyDeletePretty sure you could write a book on failed Paramount theme park concepts.
ReplyDeleteYou can't even build one Hotel for 50M in Europe ... forget such things like a complete Resort for this Money.
ReplyDeleteJust the option to buy the Land and build the Park cost roundabout 15M - The whole Park was planend for round about 1.1 Billion Euros.
For comparing: Disneyland was build for roundabout 3 Billion Euros. 20 years ago!
Thanks Alain! That number was impossible for sure.
ReplyDeleteAnd Holger, the Euro did not exist 20 years ago.
Surprisingly then that they are celebrating their 20 anniversary. Maybe some kind of conspiracy.
ReplyDeleteBad news for DLP, I think. The less competence they have, the lazier they become. It's not easy to find excuses to come back to a resort with such poor novelties since 2008.
ReplyDeleteParamount not dead:
ReplyDelete2013 august news:
http://www.laopiniondemurcia.es/comunidad/2013/08/15/paramount-accionista-proyecto-alhama/491171.html
http://parkzone.wordpress.com/2013/08/21/paramount-park-murcia-paramount-se-une-al-accionariado-y-la-maqueta-se-expondra-a-partir-de-septiembre/