Garden Grove finds an investment firm to help lure new theme park
Written by Robert Niles
The Garden Grove, Calif., city council has voted to begin a 90-day negotiation with a firm representing Korean investors, in the hopes that the firm can develop a theme park in the city. We've plowed this ground before, but the firm, TL Properties painted an amibitious picture for the LA Times, of a $4-billion theme park and hotel development, along the lines of Universal Orlando and its Islands of Adventure.Tweet
A TL consultant also name-dropped Universal, Paramount and MGM as potential partners they "contacted" about the park.
Fat chance. Universal's already in the market; Paramount just got out of the theme park business and I can't imagine that MGM would want to elicit a war with Disney, given their history with the Disney-MGM Studios theme park in Orlando, and MGM's previous, failed attempt at branding a west coast theme park.
Best case scenario is getting Asian interests to fund an Everland-type park, aimed at the SoCal Asian-American market. But given that most Asian theme parks' appeal lies in sampling and recreating U.S./European culture, the idea of a U.S. park recreating an Asian park recreating a U.S. park just makes my head spin.
This article has been archived and is no longer accepting comments.
Previous article: Holiday shopping: Theme park style
Planning a trip to Orlando?
Insider's Pick: Get all the best advice from ThemeParkInsider.com in one convenient book! Theme Park Insider Orlando 2014 offers you the insight, background, and how-to skills that will help you enjoy Walt Disney World and Universal Orlando like, well, a theme park insider. Save yourself time and money by learning how to visit the Orlando-area theme parks the insiders' way.
Top U.S. Theme Parks
Walt Disney World's Magic Kingdom
Other Top International Parks
Features, News and Advice
"Stories from a Theme Park Insider"
Connect with Theme Park Insider