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.
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