Published: August 4, 2008 at 3:48 PMBlackstone's agreement with Universal bars them and any company that they are affiliated with from owning a theme park in Florida. Also, if you look at Blackstone's performance and balance sheet, while they COULD do the deal, the fact that GE would sue the hell out of them, plus finding the debt, might be a deterrent.
Published: August 5, 2008 at 12:12 PMBUT does that agreement bar Merlin??
I think Merlin would be a good match. They seem to have done a VERY good job with Legoland California.
They have spent some capital lately, have done a lot of advertising and have executed VERY well.